Homework answers / question archive / Assume the following pension data for year 2019: Service cost $90,000 Contribution $105,000 Actual return $64,000 Benefits $40,000 Plan assets 1/1/19 $640,000 PBO 1/1/19 $800,000 Interest rate 10% Compute pension expense

Assume the following pension data for year 2019: Service cost $90,000 Contribution $105,000 Actual return $64,000 Benefits $40,000 Plan assets 1/1/19 $640,000 PBO 1/1/19 $800,000 Interest rate 10% Compute pension expense

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Assume the following pension data for year 2019:

Service cost $90,000

Contribution $105,000

Actual return $64,000

Benefits $40,000

Plan assets 1/1/19 $640,000

PBO 1/1/19 $800,000

Interest rate 10%

Compute pension expense. Prepare the journal entry for pension expense only.

Show all computations. Hint: not all data above are needed for this question.