E6-5 (Pension Entries) Prepare the General Fund journal entries required to record the followin pension transactions and information in the General Funds of the various governments in the following situations. 1. Cole Town's General Fund contributed $5,000,000 to its single-employer pension plan i 20X7. The net pension liability increased by $1,000,000 during the year. There was no due and payable liability to the pension plan at either the beginning or the end of the year. 2. Reid Parish paid $10,000,000 of pension contributions from its General Fund to its single- employer pension plan in 20X6. The net pension liability decreased by $1,400,000 during the year. There was no due and payable liability to the pension plan at either the beginning or the end of the year. 3. Mason Parish contributed $8,000,000 for general government employees to its single- employer pension plan in 20X9 from its General Fund. The net pension liability did not change during the year, and there was no due and payable liability to the pension plan at either the beginning or the end of the year