At January 1, 2020, Ayayai Company had plan assets of $282,100 and a projected benefit...
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At January 1, 2020, Ayayai Company had plan assets of $282,100 and a projected benefit obligation of the same amount. During 2020, service cost was $26,200, the settlement rate was 10%, actual and expected return on plan assets were $25,000, contributions were $19,900, and benefits paid were $16,600. Prepare a pension worksheet for Ayayai Company for 2020. AYAYAI COMPANY General Journal Entries Pension Expense Pension Asset/Liability Items Cash 1/1/20 Service cost Interest cost Actual return Contributions Benefits Journal entry, 12/31/20 $ Balance, 12/31/20 Prepare a pension worksheet for Ayayai Company for 2020. AYAYAI COMPANY ntries Memo Record Pension Asset/Liability Projected Benefit Obligation Plan Assets $ e Textbook and Media
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