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What is the Pension Asset/Liability balance on January 1, 2025 Cullumber Company Pension Worksheet General Journal Entries Memo Record Annual Pension Expense Items Balance, Jan.

image text in transcribed What is the Pension Asset/Liability balance on January 1, 2025

Cullumber Company Pension Worksheet General Journal Entries Memo Record Annual Pension Expense Items Balance, Jan. 1, 2025 (a) Service Cost (b) Interest Cost (c) Actual Return (d) Contributions (e) Benefits Journal Entry for 2025 Balance, Dec. 31, 2025 Cash $54000 $54000 Pension Asset/ Liability Projected Benefit Obligation $49000 29000 26000 $52000 dr dr cr $178000 24000 $202000 dr Plan Assets $134000 54000 24000 $164000 dr dr cr What is the Pension Asset/Liability balance on January 1, 2025?

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