The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2015.
Instructions
(a) Determine the missing amounts in the 2015 pension worksheet, indicating whether the amounts are debits or credits.
(b) Prepare the journal entry to record 2015 pension expense for Elias Inc.

Question

The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2015.  
Instructions
(a) Determine the missing amounts in the 2015 pension worksheet, indicating whether the amounts are debits or credits.
(b) Prepare the journal entry to record 2015 pension expense for Elias Inc.

Quizplus · Accepted Answer

The Answer of The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2015.  
Instructions
(a) Determine the missing amounts in the 2015 pension worksheet, indicating whether the amounts are debits or credits.
(b) Prepare the journal entry to record 2015 pension expense for Elias Inc.

The Accounting Staff of Elias Inc