Determine the missing amounts in the 2020 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension Worksheet—Riverbed Inc. General Journal Entries Memo Record Annual Pension Expense Cash OCI—Prior Service Cost OCI—Gain/ Loss Pension Asset/ Liability Projected Benefit Obligation Plan Assets Balance, Jan. 1, 2020 $1,298 Cr. $3,304 $2,006 Service cost $ 590 Interest cost 330 Actual return 260 Unexpected gain 177 $ Amortization of PSC $65 Contributions $944 944 Benefits 236 236 Liability increase 431 Journal entry $ $ Accumulated OCI, Dec. 31, 2019 1,298 0 Balance, Dec. 31, 2020 $1,233 $254 $1,445 $4,419 $2,974 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer (b)
Determine the missing amounts in the 2020 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension Worksheet—Riverbed Inc. General Journal Entries Memo Record Annual Pension Expense Cash OCI—Prior Service Cost OCI—Gain/ Loss Pension Asset/ Liability Projected Benefit Obligation Plan Assets Balance, Jan. 1, 2020 $1,298 Cr. $3,304 $2,006 Service cost $ 590 Interest cost 330 Actual return 260 Unexpected gain 177 $ Amortization of PSC $65 Contributions $944 944 Benefits 236 236 Liability increase 431 Journal entry $ $ Accumulated OCI, Dec. 31, 2019 1,298 0 Balance, Dec. 31, 2020 $1,233 $254 $1,445 $4,419 $2,974 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer (b)
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes
Section: Chapter Questions
Problem 21E
Related questions
Question
Determine the missing amounts in the 2020 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.)
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Pension Worksheet—Riverbed Inc.
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General Journal Entries
|
Memo Record
|
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Annual Pension
Expense |
Cash
|
OCI—Prior
Service Cost |
OCI—Gain/
Loss |
Pension Asset/
Liability |
Projected Benefit
Obligation |
Plan
Assets |
|||||||||
| Balance, Jan. 1, 2020 |
$1,298
|
Cr.
|
$3,304
|
|
$2,006
|
|
|||||||||
| Service cost |
$
|
|
590
|
|
|||||||||||
| Interest cost |
|
|
330
|
|
|||||||||||
| Actual return |
|
|
260
|
|
|||||||||||
| Unexpected gain |
177
|
|
$
|
||||||||||||
| Amortization of PSC |
|
|
$65
|
|
|||||||||||
| Contributions |
$944
|
|
944
|
|
|||||||||||
| Benefits |
236
|
|
236
|
|
|||||||||||
| Liability increase |
|
431
|
|
||||||||||||
|
$
|
|
$
|
|
|
|
||||||||||
| Accumulated OCI, Dec. 31, 2019 |
1,298
|
|
0
|
||||||||||||
| Balance, Dec. 31, 2020 |
$1,233
|
|
$254
|
|
$1,445
|
|
$4,419
|
|
$2,974
|
|
eTextbook and Media
List of Accounts
Save for Later
Attempts: 1 of 3 used
Submit Answer
(b)
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