Exercise Algo Recording pension expense L
Harrison Forklift's pension expense includes a service cost of $ million. Harrison began the year with a pension liability of $
million underfunded pension plan $ in millions
Interest cost, $; expected return on assets, $; amortization of net loss, $
Interest cost, $; expected return on assets, $; amortization of net gain, $
Interest cost, $; expected return on assets, $; amortization of net loss, $; amortization of prior service cost, $
Required:
Prepare the appropriate general journal entries to record Harrison's pension expense in each of the following independent situations
regarding the other nonservice cost components of pension expense.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers
in millions ie should be entered as
Journal entry worksheet
Prepare the appropriate journal entry to record pension expense in situation
Note: Enter debits before credits.
