I came up with $12,400 but I’m not sure it’s correct. Doe company has a defined benefit pension plan. At the end of the reporting year, the following…

I came up with $12,400 but I’m not sure it’s correct. Doe company has a defined benefit pension plan. At the end of the reporting year, the following….

I came up with $12,400 but I’m not sure it’s correct.Doe company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO $69,000, service cost $17,400, interest cost $4,400 , benefits paid for year $ 9,400, ending PBO $81,400; expected return on plan assets $9,400, and cash deposited with pension trustee, $16,000. There were no other pension related costs. The journal entry to record the annual pension costs will include a credit to the PBO for?, $12,400

Doe company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO $69,000, service cost $17,400, interest cost $4,400 , benefits…

I came up with $12,400 but I’m not sure it’s correct. Doe company has a defined benefit pension plan. At the end of the reporting year, the following…