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Prepare journal entries at december record pension expense

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Question - Prepare a 2010 pension worksheet with supplementary schedules of computations. Prepare the journal entries at December 31 2010 to record pension expense and related pension transactions; also indicate the pension amounts reported in the balance sheet.

Jan-10

Dec-10

Vested benefit obligation

1500

1900

Accumulated benefit obligation

1900

2730

Projected benefit obligation

2500

3300

plan assets (fair Value)

1700

2620

pension / asset liability

800

?

settlemnt rate and ezxdpected rate of return

10%

service cost for the year 2010

400

contributions (funding in 2010

700

benefits paid in 2010

200

Reference no: EM131765228

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