KUALITAS LABORATORY TRIAL BALANCE DECEMBER 31, 2020 CREDIT DEBIT 1,250 11,500 39,125 7,500 337,500 Cash Accounts Receivable Medical Supplies Prepaid Insurance Laboratory Equipment Accumulated Depreciation-Laboratory Equipment Accounts Payable Unearned Diagnostic Fees Kualitas, Capital Diagnostic Fees Income Salaries and Wages Expense Rent Expense TОTAL 75,000 3,875 5,000 137,500 275,500 72,500 27,500 496,875 496,875

Help *CMOU CD A1D 17 nz inn 1IDid =ın in PBO balance, January 1 Plan assets balance, January 1 Service Cost Interest cost Gain from change in actuarial assumption Benefits paid Actual return on plan assets Contributions 2021 $480 300 75 45 22 (36) 20 60 The expected long-term rate of return on plan assets was 8%. There were no AOCI balances related to pensions on January 1, 2021, but at the end of 2021, the company amended the pension formula, creating a prior service cost of $12 million. Required: 1. Calculate the pension expense for 2021. 2. Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of benefits for 2021. 3. What amount will Electronic Distribution report in its 2021 balance sheet as a net pension asset or net pension liability? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the pension expense for 2021. (Enter your answer in…

Problem 17-195 Data pertaining to the postretirement health care benefit plan of Danielson Delivery Service include the following for the current calendar year: Service cost APBO, January 1 Plan assets (fair value), January 1 Prior service cost (current year amortization, $2,000) Retiree benefits paid (end of year) Net gain (current year amortization, $1,000) Contribution to health care fund (end of year) Return on plan assets (actual and expected) Discount rate $153,000 $830,000 $ 83,000 $ 93,000 $ 93,000 $ 95,000 $ 88,000 10% 8% Required: 1. Determine Danielson's postretirement benefit expense for the current year. 2. Prepare the journal entries to record the benefit expense and funding for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Danielson's postretirement benefit expense for the current year. (Amounts to be deducted should be indicated with a minus sign.) Post Retirement Benefit Expense Postretirement…

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Need help with this general accounting question

please explain me the formulas and compuations to get the results in the GREEN boxes for this insurance emplyee benefits exercise. step by step and show the manual formulas to reproduce to get the outcome.

Visno

explanation please.

S. Area Rating 4 use Table 19-4 and total (in $) ? to Calculate the building, Contents, property insurance premiums for the policy Structual Class Buiding Value Building Premium Contents Value Contents Total $86,000 127,000 Premium Premium

Helping tags: Accounting, Intermediate Accounting . . . WILL UPVOTE, just pls help me answer it and show complete solutions. Thank you!