Harley Corp has provides the following information relating to their defined benefit pension plan for 2018: Pension liability @12/31/17 25,000 Plan Assets @ 12/31/17 675,000 Projected Benefit Obligation @ 12/31/17 700,000 Actual 2018 and expected return on Plan Assets 10,000 Contributions (amounts funded ) in 2018 150,000 Settlement Rate 10% Service Cost in 2018 for current employees 80,000 Benefits paid to retired employees 35,000 Complete a Pension Worksheet Prepare the Journal entries required as of 12/31/18
Harley Corp has provides the following information relating to their defined benefit pension plan for 2018:
Pension liability @12/31/17 25,000
Plan Assets @ 12/31/17 675,000
Projected Benefit Obligation @ 12/31/17 700,000
Actual 2018 and expected return on Plan Assets 10,000
Contributions (amounts funded ) in 2018 150,000
Settlement Rate 10%
Service Cost in 2018 for current employees 80,000
Benefits paid to retired employees 35,000
- Complete a Pension Worksheet
- Prepare the
Journal entries required as of 12/31/18
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