Chapter 20 Answer AP20-4 Part 2

Chapter 20 Answer AP20-4 Part 2 - 112,500 Dr. 112,500 Cr....

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AP20-4
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  General Journal Entries Memo Record   Annual Pension Expense Cash OCI-Prior Service Cost OCI-Gain/Loss Pension Asset/Liability Projected Benefit Obligation Plan Assets Balance, Jan,1, 2010         175,000 Cr. 875,000 Cr, 700,000 Dr. Service cost 75,000 Dr.         75,000 Cr.   Interest cost* 78,750 Dr.      
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  78,750 Cr.   Actual return 30,000 Cr.           30,000 Dr. Unexpected loss               Amortization of PSC 12,500 Dr.   12,500 Cr,         Contributions   143,750 Cr.         143,750 Dr. Increase in PBO
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      28,750 Cr.   **28,750 Dr.   Journal entry for 2010 136,250 Dr. 143,750 Cr. 12,500 Cr. 28,750 Cr. 48,750 Dr.     Accumulated OCI, Jan, 1, 2010     312,500 Dr. 0     .       Balance, Dec. 31, 2010     300,000 Dr. 28,750 Cr. 126,250 Cr. 1,000,000 Cr. 873,750 Dr.
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                Service cost
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Unformatted text preview: 112,500 Dr. 112,500 Cr. Interest cost*** 90,000 Dr. 90,000 Cr. Actual return 37,500 Cr. 37,500 Dr. Unexpected gain Amortization of PSC 15,000 Dr. 15,000 Cr. Amortization of loss Contributions 150,000 Cr. 150,000 Dr. Journal entry for 2011 180,000 Dr. 150,000 Cr. 15,000 Cr. 15,000 Cr. Accumulated OCI, Dec 31, 2010 300,000 Dr. 28,750 Cr. Balance, Dec. 31, 2011 285,000 Dr. 28,750 Cr. 141,250 Cr. 1,202,500 Cr. 1,061,250 Dr. *($875,000 9%) **($875,000 + $75,000 + $78,750) - $1,000,000 ***($1,000,000 9%)...
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Chapter 20 Answer AP20-4 Part 2 - 112,500 Dr. 112,500 Cr....

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