Items Balance, Jan. 1, 2025 (a) Service Cost (b) Interest Cost (c) Actual Return (d) Contributions (e) Benefits Journal Entry for 2025 Annual Pension Expense General Journal Entries dr 15000 dr 16000 cr $37000 Pharoah Corporation Pension Worksheet Cash $37000 cr Pension Asset/ Liability Memo Record Projected Benefit Plan Obligation Assets $115000 cr $115000 dr
Items Balance, Jan. 1, 2025 (a) Service Cost (b) Interest Cost (c) Actual Return (d) Contributions (e) Benefits Journal Entry for 2025 Annual Pension Expense General Journal Entries dr 15000 dr 16000 cr $37000 Pharoah Corporation Pension Worksheet Cash $37000 cr Pension Asset/ Liability Memo Record Projected Benefit Plan Obligation Assets $115000 cr $115000 dr
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Items
Balance, Jan. 1, 2025
(a) Service Cost
(b) Interest Cost
(c) Actual Return
(d) Contributions
(e) Benefits
Journal Entry for 2025
Balance, Dec. 31, 2025
The service cost for 2025 is
O $115000.
O $6000.
O $37000.
O $38000.
Annual Pension
Expense
??
dr
15000 dr
General Journal Entries
16000 cr
$37000
Pharoah Corporation
Pension Worksheet
Cash
$37000 cr
??
Show Transcribed Text
Pension Asset/
Liability
??
Memo Record
Projected Benefit
Obligation
$115000 cr $115000 dr
??
Plan
Assets
??](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b2de2cc-8fab-44f8-bd7b-ae0b79fbc485%2Fc6c4c436-0555-425f-982e-7b377c5203a0%2F4gz9u6t_processed.png&w=3840&q=75)
Transcribed Image Text:Items
Balance, Jan. 1, 2025
(a) Service Cost
(b) Interest Cost
(c) Actual Return
(d) Contributions
(e) Benefits
Journal Entry for 2025
Balance, Dec. 31, 2025
The service cost for 2025 is
O $115000.
O $6000.
O $37000.
O $38000.
Annual Pension
Expense
??
dr
15000 dr
General Journal Entries
16000 cr
$37000
Pharoah Corporation
Pension Worksheet
Cash
$37000 cr
??
Show Transcribed Text
Pension Asset/
Liability
??
Memo Record
Projected Benefit
Obligation
$115000 cr $115000 dr
??
Plan
Assets
??
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