QE 9-10 Journal Entries for Pensions Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that the projected level of earnings on plan investments is $190,000, the service cost component is $250.000, and interest on the pension liability is $160,000 for the year. Actual returns on plan assets for the year were $175,000, and the City is amortizing a deferred outflow resulting from a change in plan assumptions from a prior year in the amount of $6,000 per year. Prepare journal entries to record annual pension expense for the enterprise fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record entry for pension expense. Note: Enter debits before credits earch View transaction list Journal entry worksheet Record entry for additional pension liability. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry Eta e o arch View transaction list Journal entry worksheet arch QE 9-10 Journal Entries for Pensions Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that the projected level of earnings on plan investments is $190,000, the service cost component is $250.000, and interest on the pension liability is $160,000 for the year. Actual returns on plan assets for the year were $175,000, and the City is amortizing a deferred outflow resulting from a change in plan assumptions from a prior year in the amount of $6,000 per year. Prepare journal entries to record annual pension expense for the enterprise fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record entry for pension expense. Note: Enter debits before credits earch View transaction list Journal entry worksheet Record entry for additional pension liability. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry Eta e o arch View transaction list Journal entry worksheet arch