harrington companypension worksheet-2012 and

Question

HARRINGTON COMPANY
Pension Worksheet-2012 and 2013
		General Journal Entries					Memo Record
Items		Annual Pension Expense	Cash	OCI - Prior Service Cost	OCI - Gain/Loss	Pension Asset/ Liability	Projected Benefit Obligation	Plan Assets
Balance, Jan. 1, 2012						800,000 Dr	5,600,000 Cr	6,400,000 Dr
(a) Service cost		180,000 Dr					180,000 Cr
(b) Interest cost		504,000 Dr					504,000 Cr
(c) Actual return		320,000 Cr						320,000 Dr
(d) Contributions			255,000 Cr					255,000 Dr
(e) Benefits							255,000 Dr	255,000 Cr
Journal entry, 12/31/12		364,000 Dr	255,000 Cr			*109,000 Cr
Accum OCI, 12/31/11		0				0
Balance, Dec. 31, 2012						691,000 Dr	6,029,000 Cr	6,720,000 Dr
(f) Additional PSC				620,000 Dr			620,000 Cr
January 1, 2013
(g) Service cost		195,000 Dr					195,000 Cr
(h) Interest cost		542,610 Dr					542,610 Cr
(i) Actual return		515,000 Cr						515,000 Dr
(j) Unexpected loss		22,600 Cr			22,600 Dr
(k) Amortization of PSC		97,000 Dr		97,000 Cr
(l) Contributions			305,000 Cr					305,000 Dr
(m) Benefits							300,000 Dr	300,000 Cr
Journal entry, 12/31/13		297,010 Dr	560,000 Cr	523,000 Dr	22,600 Dr	282,610 Dr
Accum OCI, 12/31/12				523,000 Dr	22,600 Dr
Balance, Dec. 31, 2013						973,610 Dr	5,846,610 Cr	7,240,000 Dr