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3 years ago

The following facts apply to the pension plan of Carla Inc. for the year 2020.

Business

1 answer:

Natali5045456 [20]3 years ago

6 0

Solution:

Carla Inc.

Pension Worksheet - 2020

<u>General journal Entries</u> <u>Memo Record</u>

Items Annual pension Cash Pension Projected Plan

expense Asset/liability benefit oblig. assets

Balance, Jan 1 470,900 470,900

Service cost 38,500 38,500

Interest cost 37,672 37,672

Actual return 46,800 46,800

Contributions 24,300 24,300

Benefits 34,700 34,700

Journal entry, 29,372 24,300 5072

Dec 31, 2020

Balance, Dec 31 5072 512,372 507,300

2020

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4 years ago

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4 years ago

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vitfil [10]

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