{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Exercise_20-10_Worksheet

Exercise_20-10_Worksheet - $76,000 Cr(7 Contributions...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Ex20-10 Webb Pension Worksheet-2010 Formal Accounts Other Comp. Income Annual Pension Pension Prior Service Gains/ Asset/ Expense Cash Cost Losses Liability PBO FVPA Items Balance, 1/1/2010 $100,000 Dr $120,000 Cr $600,000 Cr $480,000 Dr (1) Service Cost $90,000 Dr $90,000 Cr (2) Interest Cost $54,000 Dr $54,000 Cr (3) Actual return $55,000 Cr $55,000 Dr (4) UnExpected Gain $3,000 Dr $3,000 Cr (5) Amortization of PSC $19,000 Dr $19,000 Cr (6) Liability increase $76,000 Dr
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $76,000 Cr (7) Contributions $99,000 Cr $99,000 Dr (7) Benefits $85,000 Dr $85,000 Cr Journal Entry $111,000 Dr $99,000 Cr $19,000 Cr $73,000 Dr $66,000 Cr Balance 12/31/2010 $ 81,000 Dr $73,000 Dr $186,000 Cr $735,000 Cr $549,000 Dr Reconciliation Schedule PBO $735,000 Cr FVPA $549,000 Dr Funded Status (Under) ($186,000) Should tie back to ending balance in Pension/Asset Liablity...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern