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At January 1, 2017, Blue Company had plan assets of $303,400 and a projected benefit...

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Accounting

At January 1, 2017, Blue Company had plan assets of $303,400 and a projected benefit obligation of the same amount. During 2017, service cost was $26,700, the settlement rate was 10%, actual and expected return on plan assets were $24,500, contributions were $19,700, and benefits paid were $16,900. Prepare a pension worksheet for Blue Company for 2017.

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BLUE COMPANY neral Journal Entrie Memo Record Projected Benefit Plan Assets Pension Pension Items Expense Cash Asset/Liability Obligation Service cost Interest cost Actual return Contributions Benefits Journal entry, 12/31/17 Balance, 12/31/17

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