Final-CH20-PR09.Final - ROBLEM 20-9 (Continued) 20-61 (a)...

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Unformatted text preview: ROBLEM 20-9 (Continued) 20-61 (a) Mount Company Pension Worksheet2006 and 2007 General Journal Entries Memo Record Items Annual Pension Expense Cash Prepaid/ Accrued Cost Projected Benefit Obligation Plan Assets Unrecognized Prior Service Cost Unrecognized Net Gain or Loss Balance, Jan. 1, 2006 4,500,000 Cr. 4,500,000 Dr. (a) Service cost 150,000 Dr. 150,000 Cr. (b) Interest cost 450,000 Dr. 450,000 Cr. (c) Actual return 252,000 Cr. 252,000 Dr. (d) Unexpected loss 18,000 Cr. 18,000 Dr. (e) Funding 150,000 Cr. 150,000 Dr. (f) Benefits 220,000 Dr. 220,000 Cr. Journal entry, 12/31/06 330,000 Dr. 150,000 Cr. 180,000 Cr. Balance, Dec. 31, 2006 180,000 Cr. 4,880,000 Cr. 4,682,000 Dr. 18,000 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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