Exercise_20-3_Worksheet

Exercise_20-3_Worksheet - (6) Contributions 105,000 Cr...

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Ex20-3 Rebekah Co. Pension Worksheet-2011 Formal Accounts Other Comp. Income Annual Pension Pension Prior Service Gains/ Asset/ Expense Cash Cost Losses Liability PBO FVPA Items Balance, 1/1/011 150000 Dr $60,000 Cr $700,000 Cr $640,000 Dr (1) Service Cost $90,000 Dr $90,000 Cr (2) Interest Cost $70,000 Dr $70,000 Cr (3) Actual return $64,000 Cr $64,000 Dr (4) UnExpected Loss 0 0 (5) Amortization of PSC $10,000 Dr $10,000 Cr
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Unformatted text preview: (6) Contributions 105,000 Cr 105,000 Dr (7) Benefits $40,000 Dr $40,000 Cr Journal Entry 106000 Dr $105,000 Cr $10,000 Cr $9,000 Dr Balance 12/31/2011 $ 140,000 Dr 0 $51,000 Cr $820,000Cr $769,000 Dr Reconciliation Schedule PBO $820,000 Cr FVPA $769,000 Dr Funded Status (Under) ($51,000) Should tie back to ending balance in Pension/Asset Liablity...
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