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Exercise 20-3 (Part Level Submission) Sweet Company provides the following information about its defined benefit...

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Accounting

Exercise 20-3 (Part Level Submission) Sweet Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $91,100 Contribution to the plan 103,300 Prior service cost amortization 9,400 Actual and expected return on plan assets 65,100 Benefits paid 40,500 Plan assets at January 1, 2017 650,700 Projected benefit obligation at January 1, 2017 694,300 Accumulated OCI (PSC) at January 1, 2017 151,900 Interest/discount (settlement) rate 10 % Collapse question part (a) Prepare a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as positive.) SWEET COMPANY Pension Worksheet2017. General Journal Entries Memo Record Items Annual Pension Expense Cash OCI Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation Plan Assets Balance, January 1, 2017 $ $ $ $ $ $ Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2017 $ $ Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 $ $ $ $

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