The districts annual required contribution is $6,300,000 for the current year. In the past, the district has always paid the annual required contribution in full. However, for the current year, the district budgeted and paid $5,000,000 into the Pension Trust Fund.

b) Prepare the journal entry that the district (not the plan) should make to record this year's pension contribution. [You need not make budgetary or closing entries. The plan is accounted for in a governmental fund.]

c) Prepare the journal entry to record this years pension contribution for reporting in the districts government-wide statements.