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
