Final-CH20-PR07.Final - Cr. 10,100 Cr. Balance, Dec. 31,...

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PROBLEM 20-7 20-54 Farber Corp. Pension Worksheet—2009 General Journal Entries Item Annual Pension Expense Cash Prepaid/ Accrued Cost Additional Liability Pension Intangible Balance, Jan. 1, 2009 (a) Service cost 108,000 Dr. 33,000 Cr. (b) Interest cost 65,250 Dr. (c) Actual return 48,000 Cr. (d) Unexpected loss 4,000 Cr. (e) Amortization of PSC 25,000 Dr. (f) Amortization of loss 1,850 Dr. (g) Contributions 138,000 Cr. (h) Benefits (i) Minimum liability ad- justment 6,900 Cr. 6,900 Dr. Journal entry 148,100 Dr. 138,000
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Unformatted text preview: Cr. 10,100 Cr. Balance, Dec. 31, 2009 43,100 Cr. 6,900 Cr. 6,900 Dr. (b) $65,250 = $725,000 X .09. ( MEMO ENTRIES NEXT PAGE ) (d) $4,000 = ($520,000 X .10) $48,000. (f) Year 1/1 Projected Benefit Obligation Value of 1/1 Plan Assets 10% Corridor Unrecognized Net Loss, 1/1 Minimum Amortization of Loss for 2006 2009 $725,000 $520,000 $72,500 $91,000 * $1,850* *$91,000 $72,500 = $18,500; $18,500 10 = $1,850....
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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.

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