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Unformatted text preview: Journal entry, December 31 31,950 Dr. 30,000 Cr. 1,950 Cr. Balance, December 31, 2008 1,950 Cr. 538,250 Cr. 536,300 Dr. (b) $41,650 = $490,000 X .085. *Note: We show actual return on the worksheet to ensure that plan assets are properly reported. If expected and actual return differ, then an additional adjustment is made to compute the proper amount of pension expense....
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This note was uploaded on 04/13/2008 for the course ACCOUNTING BUS4062 taught by Professor Daniels during the Spring '08 term at Capital University.
- Spring '08