91影视

Particulars

Annual expense

Cash

OCI-Gain/Loss

Pension asset/liability

Annual Projected benefit obligation

Plan assets

Balance Jan 1, 2017

$2,250,000 Cr.

$2,250,000 Dr.

Service cost

$75,000 Dr.

$75,000 Cr.

Interest cost

$\left(\mathbf{\$}\mathbf{2}\mathbf{,}\mathbf{250}\mathbf{,}\mathbf{000}\mathbf{脳}\mathbf{10}\mathbf{\%}\right)$

$225,000 Dr.

$225,000 Cr.

Actual return

$140,000 Cr.

$140,000 Dr.

Unexpected loss

$\left(\left(\mathbf{\$}\mathbf{2}\mathbf{,}\mathbf{250}\mathbf{,}\mathbf{000}\mathbf{脳}\mathbf{8}\mathbf{\%}\right)\mathbf{-}\mathbf{\$}\mathbf{140}\mathbf{,}\mathbf{000}\right)$

$40,000 Cr.

$40,000 Dr.

Contributions

$45,000 Cr.

$45,000 Dr.

Benefits

$40,000 Dr.

$40,000 Cr.

Journal entry for 2017

$120,000 Dr.

$45,000 Cr.

$40,000 Dr.

$115,000 Cr.

Accumulated OCI Dec 31, 2017

0

Balance Dec 31, 2017

$40,000 Dr.

$115,000 Cr.

$2,510,000Cr.

$2,395,000 Dr.

Date

Particulars

Debit

Credit

2017

Other comprehensive income (gain/loss)

$40,000

Postretirement expense

$120,000

Cash

$45,000

Postretirement asset/liability

$115,000

(To record the pension expense)

Particulars

Annual expense

Cash

OCI-Prior service cost

OCI-Gain/Loss

Postretirement asset/liability

Annual Projected benefit obligation

Plan assets

Additional PSC Jan 1, 2018

$175,000 Dr

$175,000 Cr

Balance Jan 1, 2018

.

$2,685,000 Cr.

Service cost

$85,000 Dr.

$85,000 Cr.

Interest cost

$\left(\mathbf{\$}\mathbf{2}\mathbf{,}\mathbf{685}\mathbf{,}\mathbf{000}\mathbf{脳}\mathbf{10}\mathbf{\%}\right)$

$268,500 Dr.

$268,500 Cr.

Actual return

$120,000 Cr.

$120,000 Dr.

Unexpected loss

$\left(\left(\mathbf{\$}\mathbf{2}\mathbf{,}\mathbf{395}\mathbf{,}\mathbf{000}\mathbf{脳}\mathbf{6}\mathbf{\%}\right)\mathbf{-}\mathbf{\$}\mathbf{120}\mathbf{,}\mathbf{000}\right)$

$23,700 Cr.

$23,700 Dr.

Amortization of PSC

$12,000 Dr.

$12,000 Cr.

Contributions

$35,000 Cr.

$35,000 Dr.

Benefits

$45,000 Dr.

$45,000 Cr.

Journal entry for 2018

$221,800 Dr.

$35,000 Cr.

$163,000 Dr.

$23,700 Dr.

$373,500 Cr.

Accumulated OCI Dec 31, 2017

0

$40,000 Dr.

Balance Dec 31, 2018

$163,000 Dr.

$63,700Dr.

$488,500 Cr.

$2,993,500Cr.

$2,505,000 Dr.

Date

Particulars

Debit

Credit

2018

Other comprehensive income (gain/loss)

$23,700

Other comprehensive income (PSC)

$163,000

Postretirement expense

$221,800

Cash

$35,000

Postretirement asset/liability

$373,500

(To record the pension expense)

Particulars

Amount

Postretirement expense

$221,800

Particulars

Amount

Net Income

-

Other comprehensive loss

Asset gain

($23,700)

Plan amendment (PSC)

($175,000)

Prior service cost amortization

$12,000

($186,700)

Comprehensive Income

-

Liabilities

Amount

Postretirement liability

$488,500

Stockholder鈥檚 Equity

Accumulated other comprehensive loss (PSC)

$163,000

Accumulated other comprehensive loss (Gain/Loss)

$63,700