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Unformatted text preview: t b. With benefits that do not vest or accumulate 1 Handout #8 for Bus321-Intermediate Accounting II Professor: Yasheng Chen Problem 19-11 on page 1292 Beaton and Gunter Inc. Pension Work Sheet2011 General Journal Entries Memo Record Items Annual Pension E x p e n s e Cash Accrued Pension L i a b il it y Accrued Benefit Obli gati on Plan As set s Unreco-gnized Past Service C o st Unreco-gnized Net Gain o r L o s s A Balance, Jan. 1, 2011 (a) Service cost (b) Interest cost (c) Expected return (d) Amortization of PSC (e) Amort. of act. gain (f) Funding (g) Employee contr. (h) Benefits (i) Act. gain on assets (j) Liability loss Expense entry, 12/31/11 Funding entry Balance, Dec. 31, 2011 (e) Year ABO, 1/1 Plan Assets (Market, 1/1) 10% Corridor Unrecognized Net Loss, 1/1 Min.Amort. of Loss for 2011 2 Handout #8 for Bus321-Intermediate Accounting II Professor: Yasheng Chen 3...
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