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Final-CH20-EX07.Final - EXERCISE 20-7(1525 minutes Items...

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E X E R C I S E   2 0 - 7   ( 1 5 2 5   m i n u t e s ) 2 0 - 1 8 Doreen Corp. Pension Worksheet—2008 General Journal Entries Memo Record Items Annual Pension Expense Cash Prepaid/ Accrued Cost Projected Benefit Obligation Plan Assets Unrecognized Prior Service Cost Balance, January 1, 2008 13,800 Cr. 560,000 Cr. 546,200 Dr. (a) Prior service cost                  100,000  Cr. ________ 100,000  Dr. New balance, January 1, 2008 13,800 Cr. 660,000 Cr. 546,200 Dr. 100,000 Dr. (b) Service cost 58,000 Dr. 58,000 Cr. (c) Interest cost 59,400 Dr. 59,400 Cr. (d) Actual return* 52,280 Cr. 52,280 Dr. (e) Amortization of PSC 17,000 Dr. 17,000 Cr. (f) Contributions 55,000 Cr. 55,000 Dr. (g) Benefits                             
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