Exercise_20-10_Worksheet

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

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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
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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...
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This note was uploaded on 02/12/2012 for the course ACCT 3021 taught by Professor Delaune during the Fall '06 term at LSU.

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