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Final-CH20-PR08B.Final - Balance Dec 31 2008 810,500 Cr...

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P R O B L E M   2 0 - 8   ( C o n t i n u e d ) 2 0 - 5 7 Glesen Company Pension Worksheet—2008 and 2009 Memo Record Item Projected Benefit Obligation Plan Assets Unrecognized Prior Service Cost Unrecognized Net Gain or Loss Balance, Jan. 1, 2008 650,000 Cr. 410,000 Dr. 160,000 Dr. (a) Service cost 40,000 Cr. (b) Interest cost 65,000 Cr. (c) Actual return 36,000 Dr. (d) Unexpected loss 5,000 Dr. (e) Amortization of PSC 70,000 Cr. (f) Contributions 72,000 Dr. (g) Benefits 31,500 Dr. 31,500 Cr. (h) Liability loss 87,000 Cr. 87,000 Dr. (i) Minimum liability adjustment Journal entry for 2008                                                     Balance, Dec. 31, 2008
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Unformatted text preview: Balance, Dec. 31, 2008 810,500 Cr. 486,500 Dr. 90,000 Dr. 92,000 Dr. (j) Service cost 59,000 Cr. (k) Interest cost 81,050 Cr. (l) Actual return 61,000 Dr. (m) Unexpected gain 12,350 Cr. (n) Amortization of PSC 55,000 Cr. (o) Contributions 81,000 Dr. (p) Benefits 54,000 Dr. 54,000 Cr. (q) Unrecognized loss amortization 548 Cr. (r) Minimum liability adjustment Journal entry for 2009 Balance, Dec. 31, 2009 896,550 Cr. 574,500 Dr. 35,000 Dr. 79,102 Dr....
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