Final-CH20-PR08A.Final - 77,700 Dr. 3,300 Dr. Journal entry...

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PROBLEM 20-8 20-56 (a) Glesen Company Pension Worksheet—2008 and 2009 (Memo record on next page) General Journal Entries Item Annual Pension Expense Cash Prepaid/ Accrued Cost Additional Liability Pension Intangible Contra Equity Charge Balance, Jan. 1, 2008 80,000 Cr. 12,300 Cr. 12,300 Dr. (a) Service cost 40,000 Dr. (b) Interest cost 65,000 Dr. (c) Actual return 36,000 Cr. (d) Unexpected loss 5,000 Cr. (e) Amortization of PSC 70,000 Dr. (f) Contributions 72,000 Cr. (g) Benefits (h) Liability loss (i) Minimum liability ad- justment 81,000 Cr.
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Unformatted text preview: 77,700 Dr. 3,300 Dr. Journal entry for 2008 134,000 Dr. 72,000 Cr. 62,000 Cr. Balance, Dec. 31, 2008 142,000 Cr. 93,300 Cr. 90,000 Dr. 3,300 Dr. (j) Service cost 59,000 Dr. (k) Interest cost 81,050 Dr. (l) Actual return 61,000 Cr. (m) Unexpected gain 12,350 Dr. (n) Amortization of PSC 55,000 Dr. (o) Contributions 81,000 Cr. (p) Benefits (q) Unrecognized loss amortization 548 Dr. (r) Minimum liability ad-justment 86,748 Dr. 83,448 Cr. 3,300 Cr....
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