Assignments - Post Retirement Benefits
Please prepare the following Exercises/Problems using the Excel Templates found in the Week 8 Assignment. All the templates are in 1 workbook. Please remember to rename before submitting.
1. E20-1 Pension Expense, Journal EntriesInstructions: (a) Compute pension expense for the year 2010.
(b) Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010."
2. E20-7 Basic Pension Worksheet
Instructions: For 2010, prepare a pension worksheet for Rydell Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.
3. P20-1 2-Year Worksheet and Reconciliation ScheduleInstructions: (a) Prepare a pension work sheet for the pension plan for 2010 and 2011.
(b) For 2011, prepare the journal entry to record pension-related amounts.
4. P20-4 Pension Expense, Minimum Liability, Journal Entry for 2 YearsInstructions:(a) Compute pension expense for 2010 and 2011.
"(b) Prepare the journal entries to record the pension expense and the company's funding of the pension plan for both years."
Information related to above question is enclosed below:
Attachment:- Week8ExcelTemplates.rar