Marico Company reported a net lossAOCI in last years balance sheet. Two events occurred during the current year related to that account.

1. (1) The company revised its estimate of future salary levels causing its PBO estimate to decline by $13 million.
2. (2) The $25 million actual return on plan assets fell short of the $30 million expected return.

For each item described above prepare the appropriate journal entry to record the gain or loss.

Journal entry worksheet Record the decline of $13 million in PBO estimate due to revision in estimate of future salary. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the loss due to actual return being less than expected return. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal