Campbell Soup Company reported pension expense of $94 million and contributed $81.5 million to the pension fund. Prepare Campbell's journal entry to record pension expense and funding, assuming campbell has no OCI amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Enter amount in dollars instead of million dollars.) Account Titles and Explanation Pension Expense Pension Asset/Liability Cash Debit Credit

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
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Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
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Campbell Soup Company reported pension expense of $94 million and contributed $81.5 million to the pension fund.

Prepare Campbell's journal entry to record pension expense and funding, assuming campbell has no OCI amounts.

Campbell Soup Company reported pension expense of $94 million and contributed $81.5 million to the pension fund.
Prepare Campbell's journal entry to record pension expense and funding, assuming campbell has no OCI amounts. (Credit account titles
are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and
enter O for the amounts. List all debit entries before credit entries. Enter amount in dollars instead of million dollars.)
Account Titles and Explanation
Pension Expense
Pension Asset/Liability
Cash
Debit
Credit
Transcribed Image Text:Campbell Soup Company reported pension expense of $94 million and contributed $81.5 million to the pension fund. Prepare Campbell's journal entry to record pension expense and funding, assuming campbell has no OCI amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Enter amount in dollars instead of million dollars.) Account Titles and Explanation Pension Expense Pension Asset/Liability Cash Debit Credit
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