a.

Worksheet

Pension Worksheet
GENERAL JOURNAL ENTRIES MEMO RECORD
Items Annual Cash OCl Pension DBO Plan Asset
Pension Gain/Loss Asset/Liabilit
Expense y
Jan 1, 2019 2.000 (220.720) (2.956.720) 2.376.000
Service Cost 100.000 (100.000)
Interest 147.836 (147.836)
Expense
Interest (136.800) 136.800
Revenue
Contribution (98.000) 98.000
Benefit Paid 132.000 (132.000)
Asset Loss 6.800
Liability Loss
Journal Entry 111.036 (98.000) (8.800)
Dec, 31 2017 3.072.556 2.478.800

 Calculating of Asset Loss

Beginning Plan Asset 2.376.000
Discount Rate 5%
Expected Interest Revenue 136.800
Actual Return 130.000
Asset Loss (6.800)

 Calculating of Liability Loss

Dec 31, 2019 Balance 2.956.720
Service Cost 100.000
Interest Expense 147.836
Benefit paid (132.000)
Dec 31, 2019 Balance before Adjustment 3.072.556
Dec 31, 2019, Balance as determined by actuary

b. Other Comprehensive Loss

OCI = 40.000 – 8.800
= 31.200

c. Accumulated Other Comprehensive Income 2019

= 6.800 + 2000
= 8.800