Final-CH20-EX24.Final - *72,900 Dr 72,900 Cr(c Actual...

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* E X E R C I S E   2 0 - 2 4   ( 1 5 2 0   m i n u t e s ) 2 0 - 3 8 Marvelous Marvin Co. Postretirement Benefits Worksheet—2008 General Journal Entries Memo Record Items Annual Post- retirement Expense Cash Prepaid/ Accrued Cost Accumulated Postretire- ment Benefit Obligation Plan Assets Unrecognized Prior Service Cost Balance, Jan. 1, 2008    0 810,000 Cr. 710,000 Dr. 100,000 Dr. (a) Service cost 90,000 Dr. 90,000 Cr. (b) Interest cost *72,900 Dr. 72,900 Cr. (c) Actual return 62,000 Cr. 62,000 Dr. (d) Contributions 16,000 Cr. 16,000 Dr. (e) Benefits
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Unformatted text preview: *72,900 Dr. 72,900 Cr. (c) Actual return 62,000 Cr. 62,000 Dr. (d) Contributions 16,000 Cr. 16,000 Dr. (e) Benefits 40,000 Dr. 40,000 Cr. (f) Amortization: Prior service cost 3,000 Dr. 3,000 Cr. Journal entry for 2008 103,900 Dr. 16,000 Cr. 87,900 Cr. Balance, Dec. 31, 2008 87,900 Cr. 932,900 Cr. 748,000 Dr. 97,000 Dr. *($810,000 X 9%)...
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