91影视

Particulars

Annual pension expense

Cash

Prior service cost-OCI

OCI-Gain/Loss

Pension asset/liability

Projected benefit obligation

Plan assets

Balance Jan 1, 2016

$50,000 Cr.

$250,000 Cr.

$200,000 Dr.

Service cost

$16,000 Dr.

$25,000 Cr.

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

$25,000 Dr.

$450,000 Cr.

Actual return

$18,000 Cr.

$18,000 Dr.

Unexpected Loss $\left(\mathbf{\$}\mathbf{437}\mathbf{,}\mathbf{000}\mathbf{脳}\mathbf{10}\mathbf{\%}\right)$

$2,000 Cr.

$2,000 Dr.

Contributions

$16,000 Cr.

$16,000 Dr.

Benefits

$14,000 Dr.

$14,000 Cr.

Journal entry for 2016

$21,000 Dr.

$16,000 Cr.

$2,000 Dr.

$7,000 Cr.

Accumulated OCI Dec 31, 2015

0

Balance Dec 31, 2016

$2,000 Dr.

$57,000 Cr.

$277,000 Cr.

$220,000 Dr.

Additional PSC Jan 1, 2017

$160,000 Dr.

$160,000Cr.

Balance Jan 1, 2017

$437,000 Cr.

Service cost

$19,000 Dr.

$19,000 Cr.

Interest cost $\left(\mathbf{\$}\mathbf{437}\mathbf{,}\mathbf{000}\mathbf{脳}\mathbf{10}\mathbf{\%}\right)$

$43,700 Dr.

$43,700 Cr.

Actual return

$22,000 Cr.

$22,000 Dr.

Amortization of PSC

$54,400 Dr,

$54,400 Cr.

Contributions

$40,000 Cr.

$40,000 Dr.

Benefits

$16,400 Dr.

$16,400 Cr.

Journal entry for 2017

$95,100 Dr.

$40,000 Cr,

$105,600 Dr.

0

$160,700 Cr.

Accumulated OCI Dec 31, 2016

0

$2,000 Dr.

Balance Dec 31, 2017

$105,600 Dr.

$2,000 Dr.

$217,700 Cr.

$483,300 Cr.

$265.600 Dr.

Service cost

$26,000 Dr.

$26,000 Cr.

Interest cost $\left(\mathbf{\$}\mathbf{483}\mathbf{,}\mathbf{300}\mathbf{脳}\mathbf{10}\mathbf{\%}\right)$

$48,330 Dr.

$48,330 Cr.

Actual return

$24,000 Cr.

$24,000 Dr.

Unexpected loss $\left(\left(\mathbf{\$}\mathbf{265}\mathbf{,}\mathbf{600}\mathbf{脳}\mathbf{10}\mathbf{\%}\right)\mathbf{-}\mathbf{\$}\mathbf{24}\mathbf{,}\mathbf{000}\right)$

$2,560 Cr.

$2,560 Dr.

Amortization of PSC

$41,600 Dr.

$41,600 Cr.

Contributions

$48,000 Cr.

$48,000 Dr.

Benefits

$21,000 Dr.

$21,000 Cr.

Liability gain $\left(\mathbf{\$}\mathbf{483}\mathbf{,}\mathbf{300}\mathbf{+}\mathbf{\$}\mathbf{26}\mathbf{,}\mathbf{000}\mathbf{+}\mathbf{\$}\mathbf{48}\mathbf{,}\mathbf{330}\mathbf{-}\mathbf{\$}\mathbf{21}\mathbf{,}\mathbf{000}\mathbf{-}\mathbf{\$}\mathbf{520}\mathbf{,}\mathbf{000}\right)$

$16,630 Cr.

$16,630 Dr.

Journal entry for 2018

$89,370 Dr.

$48,000 Cr.

$41,600 Cr.

$14,070 Cr.

$14,300 Dr.

Accumulated OCI Dec 31, 2017

$105,600 Dr.

$2,000 Dr.

Balance Dec 31, 2018

$64,000 Dr.

$12,070 Cr.

$203,400 Cr.

$520,000 Cr.

$316,000 Dr.

Date

Particulars

Debit

Credit

2016

Other comprehensive income (Gain/Loss) Dr

$2,000

Pension Expense Dr

$21,000

To Cash

$16,000

To Pension asset/liability

$7,000

(To record the pension expense for the year 2016)

2017

Other comprehensive income (PSC) Dr

$105,600

Pension Expense Dr

$95,100

To Cash

$40,000

To Pension asset/liability

$160,700

(To record the pension expense for the year 2017)

2018

Pension Expense Dr

$89,370

Pension asset/liability Dr

$14,300

To Other comprehensive Income (Gain/Loss)

$14,070

To Other comprehensive Income (PSC)

$41,600

To Cash

$48,000

(To record the pension expense for the year 2018)

Particulars

Amount

Pension Expense

$89,370

Particulars

Amount

Net Income

-

Other comprehensive income/loss

Asset gain/loss

($2,560)

Liability gain

$16,630

Prior service cost amortization

$41,600

Comprehensive Income

-

Liabilities

Amount

Pension liability

$203,400

Stockholder鈥檚 equity

Accumulated other comprehensive loss (PSC)

$64,000

Accumulated other comprehensive income (Gain/Loss)

$12,070