scan0019.rtf

Reauirement (a) Pension Work Sheet Debits (Credits) General J oumal Entries Memo Entries Annual Prepaid! Additioual Intangible Contra Projected Unrecognized Unrecognized Unrecognized Pension (Accrued) Minimum Pension Equity Beuefit Plan Prior Service Transition Net (Gain) Expense Cash Cost Liability Asset Charge Obligation Assets Costs Amotmt or Loss Beg. Balance Jan. 1,2000 (200,000) (350,000) 200,000 150,000 (l,500,000) 850,000 175,000 25,000 250,000 Service cost 300,000 (300,000) Interest cost 150,000 (150,000) Actual return (85,000) 85,000 Unexpected gain/loss 17,000 (17,000) plan assets Amortization ofPSC 40,000 (40,000) Contributions (500,000) 500,000 Benefits 50,000 (50,000) Unexpected gain/loss 5,000 (5,000) PBO Amort. of gain/loss 10,000 (10,000) Amort. of Transition amI. 5,000 (5,000) Exp. & Funding entry 437,000 (500,000) 63,000 Min. Liability adj. entry 172,000 ( 45 , 000 ) ( 127 , 000 ) --- Ending Bal. Dec. 31, 2000 437,000 (X) (137,000) (178,000) 155,000 23,000 (1,895,000) 1,385.000 135,000 20,000 218,00C :::;;====== ======== ========= ============ ======= =:::::::::::=::;;:::::::::::::=::::::= ======== ========= =========== ========= ------ Pension expense Prepaid/Accrued pension cost Cash 437,000 63,000 Additional pension liability 172,000 Intangible pension asset 45,000 Excess of additional pension liability over prior service cost* 127,000 (This is closed to Accumulated other comprehensive income see text pages 1140)