IAS 19 employee benefits

Campus limited has a defined benefit plan. The following information relates to this plan
for the year ended 31 December 2017

Defined benefit plan asset opening balance N$ 300 000
Defined benefit plan obligation opening balance N$ 400 000
Discount rate based on market yield of high quality corporate 10% (unchanged)
bonds
Benefits paid to employees N$ 100 000
Contributions by employees into the plan assets N$ 150 000
Contribution by employer into the plan assets N$ 250 000
Current service costs at present value N$ 500 000
Present value of plan obligation as at 31 December 2017 N$ 800 000
Fair value of plan assets as at 31 December 2017 N$ 600 000
There was a Nil balance on the defined benefit plan asset ceiling adjustments account as
at 1 January 2017.
The present value as at 31 December 2017 of future refunds and reductions in future
contributions is N$ 1 000 000.
Required
Provide all journal entries to the defined benefit plan for the year ended
31 December 2017. Show your workings where necessary