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Harrison Forklift's pension expense includes a service cost of $20 million. Harrison began the year with a pension liability of $40 million (underfunded pension plan)

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Harrison Forklift's pension expense includes a service cost of $20 million. Harrison began the year with a pension liability of $40 million (underfunded pension plan) 1. Interest cost $8: expected return on assets. $14, amortization of net loss, $4. 2. Interest cost $16; expected return on assets. $12, amortization of net gain, $4 3. Interest cost $16: expected return on assets. $12: amortization of net loss, $4, amortization of prior service cost. $5 million Required: Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above Independent situations regarding the other (non-service cost) components of pension expense ($ in millions of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (ie. 10,000,000 should be entered as 10).) View transaction lat Journal entry worksheet 1 2 3 Prepare the appropriate Journal entry to record pension expense in situation 1 above View transaction list Journal entry worksheet Prepare the appropriate journal entry to record pension expense in situation 1 above. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal

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