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Harrison Forklift's pension expense includes a service cost of $19 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan)
Harrison Forklift's pension expense includes a service cost of $19 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan) 1. Interest cost, $7; expected return on assets, $13; amortization of net loss, $4. 2. Interest cost, $15; expected return on assets, $11; amortization of net gain, $4 3. Interest cost, $15; expected return on assets, $11; amortization of net loss, $4; amortization of prior service cost, $5 million. ed Required Prepare the appropriate general journal entries to record Harrison's pension expense in each of the following independent situations regarding the other components of pension expense ($ in millions): (Ifho entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ces View transaction list Journal entry worksheet Prepare the appropriate journal entry to record pension expense in situation 1 above View transaction list X: Import a new list ped Prepare the appropriate journal entry to record pension expense in situation 1 above. 1 cuation 1 bok Prepare the appropriate journal entry to record pension expense in situation 2 above. 2 nt Prepare the appropriate journal entry to record pension expense in situation 3 above. int 3 ences Credit Note : = journal entry has been entered View general journal Clear entry Record entry
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