Below is a Trial Balance for End-of-Year 2020, for use in problem below.

There were also two Pension-related journal entries made prior to the end-of-year 2021,

May 15th: Made $600,000 of pension contribution

Debit to Plan Assets for $600,000

Credit to Cash for $600,000

June 15th: $360,000 of pension benefit was paid.

Debit to Projected Benefit Obligation (PBO) for $360,000

Credit to Plan Assets for $360,000

End-Of-Year 2021 Balances:

PBO = 4,440,000 | Plan Assets = 5,372,000 |

The characteristics of the pension plan during 2021 are as follows:

Service cost: $750,000

Interest cost: $450,000

Actual return on plan assets: $200,000

Expected rate of return on plan assets: 8%

Gain from change in accrual assumption: $220,000

There were no AOCI balances related to pensions on January 1, 2021, but at the end of the year, the company amended the pension formula, creating a prior service cost of $120,000.

Need 6-PART Adjusting Entries for End of Year, December 31st, 2021.

The Works Trial Balance as of December 31, 2020 Cr. Dr. 64,042,000 40,000,000 800,000 250,000 3,969,000 1,350,000 3,500,000 25,000,000 200,000 100,000,000 22,131,200 35,000,000 4,800,000 22,500,000 Cash Account Receivable (A/R) Allowance for Doubtful Accounts Office Supplies Inventory Prepaid Insurance Deferred Tax Asset Computer Equipment Accumulated Depreciation - Computer Equipment Buildings Accumulated Depreciation - Buildings Land Plan Assets Account Payable Note Payable Deferred Tax Liability Bonds Payable Premium Discount on Bonds Payable Projected Benfit Obligation Common Stock Paid-in Capital, CS Retained Earnings Dividends Sales Sales Discount Cost of Goods Sold Bad Debt Expense Office Supplies Expense Insurance Expense Interest Expense Depreciation Expense - Computer Equipment Depreciation Expense - Buildings Gain/Loss on Disposal of Plant Asset Total 270,000 5,000,000 4,800,000 25,000,000 145,000,000 52,209,800 277,911,000 277,911,000 The Works Trial Balance as of December 31, 2020 Cr. Dr. 64,042,000 40,000,000 800,000 250,000 3,969,000 1,350,000 3,500,000 25,000,000 200,000 100,000,000 22,131,200 35,000,000 4,800,000 22,500,000 Cash Account Receivable (A/R) Allowance for Doubtful Accounts Office Supplies Inventory Prepaid Insurance Deferred Tax Asset Computer Equipment Accumulated Depreciation - Computer Equipment Buildings Accumulated Depreciation - Buildings Land Plan Assets Account Payable Note Payable Deferred Tax Liability Bonds Payable Premium Discount on Bonds Payable Projected Benfit Obligation Common Stock Paid-in Capital, CS Retained Earnings Dividends Sales Sales Discount Cost of Goods Sold Bad Debt Expense Office Supplies Expense Insurance Expense Interest Expense Depreciation Expense - Computer Equipment Depreciation Expense - Buildings Gain/Loss on Disposal of Plant Asset Total 270,000 5,000,000 4,800,000 25,000,000 145,000,000 52,209,800 277,911,000 277,911,000