None The pension worksheet for Pharoah Industries is shown below.Pharoah IndustriesItemsBalance, Jan. 1, 2025(a) Service Cost$92000 dr(b) Interest Cost67000 dr(c) Actual Return43000 cr(d) Contributions?? cr(e) BenefitsPension WorksheetGeneral Journal EntriesMemo RecordAnnual PensionExpensePension Asset/Projected BenefitPlanCashLiabilityObligationAssets$67000 cr$534000 cr$467000 dr92000 cr67000 cr43000 dr??dr52000 dr52000 crJournal Entry for 2025$116000 dr?? crcrBalance, Dec. 31, 2025$dr$641000$641000What were Pharoah's cash contributions to the plan during 2025?O $52000O $183000O $116000#00000

Part 1:Answer:The correct answer is © $116,000. Part 2:Explanation:Option a: This option is…

Answered: The pension worksheet for Pharoah…

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

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