Cengagenowv2, 1 Term Printed Access Card For Wahlen/jones/pagach’s Intermediate Accounting: Reporting And Analysis, 2017 Update, 2nd
Cengagenowv2, 1 Term Printed Access Card For Wahlen/jones/pagach’s Intermediate Accounting: Reporting And Analysis, 2017 Update, 2nd
2nd Edition
ISBN: 9781337912259
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Chapter 19, Problem 2RE
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Prepare journal entries of Company O to record the pension expense as of December 31.

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Dec. 14: Journalized the payment of the September 15 note at maturity. Description Debit Credit Dec. 31: The pension cost for the year was $190,400, of which $139,700 was paid to the pension plan trustee. Description Debit Credit
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A company's pension plan fund had a balance of $500,000 on January 1, 2019 and $650,000 on December 31, 2019. There were deposits of $50,000 from members' contributions on each of March 1, 2019 and August 1, 2019. There were withdrawals due to retirements of $20,000 at the end of June and $25,000 at the end of November. Calculate the approximate dollar-weighted rate of return for the year. You can count partial parts of the year in months. (Answer to 4 decimal places/a percent to 2 decimal places.)

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Cengagenowv2, 1 Term Printed Access Card For Wahlen/jones/pagach’s Intermediate Accounting: Reporting And Analysis, 2017 Update, 2nd

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