ffff - 60,000(60,000 Journal entry for 2011 Balance Dec 31 2011_760,000(900,000(105,000 520,000(355,000(355,000 600,000(400,000(4,250,000

Marlin Corporation Pension Work Sheet-2011 General Journal Entries Memo Entries Annual OCI Pension Projected Pension Gain / Asset / Benefit Plan Expense Cash PSC Loss Liability Obligation Assets Bal.,Dec. 31,2010 625,000 (1,000,000) (3,750,000) 2,750,000 Service Cost 500,000 (500,000) Interest Cost 375,000 (375,000) Actual return (260,000) 260,000 Unexpected 40,000 (40,000) gain/loss ( 315,000) (315,000) Amortization 105,000 (105,000) of PSC Contributions (900,000) 900,000 Benefits Gain/loss amort.

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Unformatted text preview: 60,000 (60,000) Journal entry for 2011 Balance, Dec. 31, 2011 _760,000___ (900,000) ___ (105,000)____ 520,000_____ (355,000)__ (355,000)__ ___ 600,000____ (400,000)_____ ____ (4,250,000)_ ____ ____ 3,850,000___ __ (1)2,750,000*8% = 220,000 (2) 4565000-4250000=315000 Pension Expense 760,000 Pension Asset / Liability 600,000 Cash 900,000 Other Comprehensive Income (PSC) 105,000 Other Comprehensive Income (G/L) 355,000...
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