Final-CH20-PR08B.Fin - 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

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ROBLEM 20-8 (Continued) 20-57 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
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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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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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