Recognition of Additional Pension Liability
For each of the following cases, make the journal entry necessary to record the new addition to the minimum pension liability.
|
|
Necessary New |
Existing Deferred |
Unrecognized |
|
|
Additional |
Pension Cost |
Prior |
|
|
Pension Liability |
Balance |
Service Cost |
|
Case 1 |
$2,000 |
$ 0 |
$3,000 |
|
Case 2 |
2,000 |
1,500 |
3,000 |
|
Case 3 |
2,000 |
500 |
0 |