Sandhill Company Pension Worksheet Items Balance, Jan. 1, 2025 (a) Service Cost (b) Interest Cost 71000 dr (c) Actual Return 61000 cr (d) Contributions $101000 cr (e) Benefits General Journal Entries Memo Record Annual Pension Expense Pension Asset/ Projected Benefit Plan Cash Liability Obligation Assets $92000 cr $563000 cr $471000 dr $117000 dr 117000 cr 71000 cr 61000 dr 101000 dr 56000 dr 56000 cr Journal Entry for 2025 ?? dr ?? cr ?? cr Balance, Dec. 31, 2025 ?? 22:2 dr $695000 $577000 What journal entry should be made at December 31, 2025 to record the pension expense for the year?
Sandhill Company Pension Worksheet Items Balance, Jan. 1, 2025 (a) Service Cost (b) Interest Cost 71000 dr (c) Actual Return 61000 cr (d) Contributions $101000 cr (e) Benefits General Journal Entries Memo Record Annual Pension Expense Pension Asset/ Projected Benefit Plan Cash Liability Obligation Assets $92000 cr $563000 cr $471000 dr $117000 dr 117000 cr 71000 cr 61000 dr 101000 dr 56000 dr 56000 cr Journal Entry for 2025 ?? dr ?? cr ?? cr Balance, Dec. 31, 2025 ?? 22:2 dr $695000 $577000 What journal entry should be made at December 31, 2025 to record the pension expense for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Sandhill Company
Pension Worksheet
Items
Balance, Jan. 1, 2025
(a) Service Cost
$117000 dr
(b) Interest Cost
71000 dr
(c) Actual Return
61000 cr
(d) Contributions
$101000
cr
(e) Benefits
General Journal Entries
Memo Record
Annual Pension
Expense
Pension Asset/ || Projected Benefit
Plan
Cash
Liability
Obligation
Assets
$92000 cr
$563000 cr
$471000 dr
117000 cr
71000 cr
61000 dr
101000 dr
56000 dr
56000 cr
Journal Entry for 2025
??
dr
??
cr
??
cr
Balance, Dec. 31, 2025
??
dr
$695000
$577000
What journal entry should be made at December 31, 2025 to record the pension expense for the year?
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