A company's defined benefit pension plan had a projected benefit obligation (PBO) of $ 390 comma 000 on January 1, Year 1. During Year 1, pension benefits paid were $ 80 comma 000. The settlement rate for the plan for Year 1 was 12%. Service cost for the year was $ 92 comma 000. Plan assets (fair value) increased during the year by $50,000. What was the PBO at December 31, Year 1

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)