The following information is available for the pension plan of Windsor Company for the year 2020. Compute pension expense for the year 2020: Prepare the journal entry to record pension expense and the employer’s contribution to the pension plan in 2020. Actual and expected return on plan assets   $ 14,900   Benefits paid to retirees   42,000   Contributions (funding)   83,300   Interest/discount rate   9 % Prior service cost amortization   7,700   Projected benefit obligation, January 1, 2020   511,000   Service cost   55,100

The Kollar Company has a defined benefit pension plan. Pension information concerning the fiscal years 2024 and 2025 are presented below ($ in millions): Information Provided by Pension Plan Actuary: a. Projected benefit obligation as of December 31, 2023 = $2,000. b. Prior service cost from plan amendment on January 2, 2024 = $600 (straight-line amortization for 10-year average remaining service period). c. Service cost for 2024 = $560. d. Service cost for 2025 = $610. e. Discount rate used by actuary on projected benefit obligation for 2024 and 2025 = 10%. f. Payments to retirees in 2024 = $420. g. Payments to retirees in 2025 = $490. h. No changes in actuarial assumptions or estimates. i. Net gain-AOCI on January 1, 2024 = $250. j. Net gains and losses are amortized for 10 years in 2024 and 2025. Information Provided by Pension Fund Trustee: a. Plan asset balance at fair value on January 1, 2024 = $1,500. b. 2024 contributions = $580. c. 2025 contributions = $630. d. Expected…

Sandhill Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $91,600 104,400 Prior service cost amortization 10,800 Actual and expected return on plan assets 64,600 Benefits paid 40,300 Plan assets at January 1, 2025 650,000 Projected benefit obligation at January 1, 2025 692,000 Accumulated OCI (PSC) at January 1, 2025 150,000 Interest/discount (settlement) rate 11% (a) Prepare a pension worksheet inserting January 1, 2025, balances, showing December 31, 2025. (Enter all amounts as positive.

Sandhill Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2025 Projected benefit obligation at January 1, 2025 Accumulated OCI (PSC) at January 1, 2025 Interest/discount (settlement) rate Compute the pension expense for the year 2025. Pension expense for 2025 $ $91,600 104,400 10,800 64,600 40,300 650,000 692,000 150,000 11%

Wildhorse Company provides the following information about its defined benefit pension plan for the year 2020. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Projected benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate Items Pension Experse Balance, January 1, 2020 91200 Service cost 61801 Interest cost T 62800 Actual return 9800 Amortization of PSC Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 eTextbook and Media List of Accounts $91,200 104,700 9,800 62,800 40,500 632,600 686,700 152,100 9% eTextbook and Media 100003 Dr. Dr. cr. Cash Debit 104700 Prepare the journal entry recording pension expense. (Credit account titles are automatically indented when amount is entered. Do na indent manually. If no entry is required, select "No Entry" for the account titles and…

please answer with full working thanks

Sarasota Company provides the following information about its defined benefit pension plan for the year 2020. 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, 2020   648,000   Projected benefit obligation at January 1, 2020   688,100   Accumulated OCI (PSC) at January 1, 2020   148,600   Interest/discount (settlement) rate   11 % Compute the pension expense for the year 2020. Pension expense for 2020   $enter the Pension expense for 2020 in dollars

Buffalo Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation   $2,761,900 Accumulated benefit obligation   1,970,300 Fair value of plan assets   2,283,700 Accumulated OCI (PSC)   207,900 Accumulated OCI—Net loss (1/1/20 balance, 0)   45,600 Pension liability   478,200 Other pension plan data for 2020:        Service cost   $94,400    Prior service cost amortization   42,000    Actual return on plan assets   128,900    Expected return on plan assets   174,500    Interest on January 1, 2020, projected benefit obligation   251,500    Contributions to plan   94,200    Benefits paid   141,200 (a)     Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension…

rane importers provides the following pension plan Fair value of pension plan assets, January 1, 2025 Fair value of pension plan assets, December 31, 2025 Contributions to the plan in 2025 Benefits paid retirees in 2025 Tormation. Actual return on plan assets for 2025 $ $2,575,000 2,914,000 299,000 366,000 From the data above, compute the actual return on the plan assets for 2025.

Wildhorse Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021.     2020   2021 Plan assets (fair value), December 31   $817,830     $993,330   Projected benefit obligation, January 1   819,000     936,000   Pension asset/liability, January 1   163,800  Cr.   ?   Prior service cost, January 1   292,500     280,800   Service cost   70,200     105,300   Actual and expected return on plan assets   28,080     35,100   Amortization of prior service cost   11,700     14,040   Contributions (funding)   134,550     140,400   Accumulated benefit obligation, December 31   585,000     643,500   Interest/settlement rate   10 %   10 % Prepare the journal entries to record the pension expense and the company’s funding of the pension plan for both years.