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Create a pension worksheet inserting january

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Reference no: EM132470085

Blossom Company provides the following information about its defined benefit pension plan for the year 2017.

Service cost                                                                   $88,500

Contribution to the plan                                                    107,100

Prior service cost amortization                                               10,600

Actual and expected return on plan assets                               63,100

Benefits paid                                                                      40,800

Plan assets at January 1,2017                                                648,000

Projected benefit obligation at January 1, 2017                            688,100

Accumulated OCI (PSC) at January 1, 2017                                   148,600

Interest/discount (settlement) rate11%

Question (a) Create a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as positive.)

  1. BLOSSOM COMPANY
  2. Pension Worksheet-2017.
  3. General Journal Entries
  4. Memo Record
  5. Items
  6. Annual
  7. Pension Expense
  8. Cash
  9. OCI
  10. Prior Service Cost
  11. Pension Asset/
  12. Liability
  13. Projected Benefit
  14. Obligation
  15. Plan
  16. Assets

Reference no: EM132470085

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