When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by

full (by painting his house)

Explanation:

When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)

Reason -

(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )

Solution:

                                                         Carla Inc.

                                           Pension Worksheet - 2020

                                    General journal Entries                       Memo Record

Items                   Annual pension   Cash    Pension           Projected      Plan

                                expense                    Asset/liability  benefit oblig.  assets

Balance, Jan 1                                                                     470,900    470,900

Service cost           38,500                                                 38,500

Interest cost           37,672                                                  37,672

Actual return          46,800                                                                    46,800

Contributions                              24,300                                               24,300

Benefits                                                                               34,700        34,700

Journal entry,        29,372          24,300     5072

Dec 31, 2020

Balance, Dec 31                                           5072             512,372        507,300

2020