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Prepare journal entries to reflect all pension plan events

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Question: (3-Year Worksheet, Journal Entries, and Reporting) Jackson Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2013, with the following beginning balances: plan assets $200,000; projected benefit obligation $250,000. Other data relating to 3 years' operation of the plan are as follows.

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Instructions: (a) Prepare a pension worksheet presenting all 3 years' pension balances and activities.

(b) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.

(c) Indicate the pension-related amounts reported in the financial statements for 2015.

Reference no: EM131593425

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