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HARRINGTON COMPANY
Pension Worksheet-2012 and 2013
  General Journal Entries Memo Record
Items Annual
Pension
Expense		 Cash OCI - Prior Service Cost OCI - Gain/Loss Pension
Asset/
Liability		 Projected
Benefit
Obligation		 Plan
Assets
Balance, Jan. 1, 2012         800,000 Dr 5,600,000 Cr 6,400,000 Dr
(a) Service cost 180,000 Dr         180,000 Cr  
(b) Interest cost 504,000 Dr         504,000 Cr  
(c) Actual return 320,000 Cr           320,000 Dr
(d) Contributions   255,000 Cr         255,000 Dr
(e) Benefits           255,000 Dr 255,000 Cr
Journal entry, 12/31/12 364,000 Dr 255,000 Cr     *109,000 Cr    
Accum OCI, 12/31/11 0       0    
Balance, Dec. 31, 2012         691,000 Dr 6,029,000 Cr 6,720,000 Dr
(f) Additional PSC     620,000 Dr     620,000 Cr  
January 1, 2013              
(g) Service cost 195,000 Dr         195,000 Cr  
(h) Interest cost 542,610 Dr         542,610 Cr  
(i) Actual return 515,000 Cr           515,000 Dr
(j) Unexpected loss 22,600 Cr     22,600 Dr      
(k) Amortization of PSC 97,000 Dr   97,000 Cr        
(l) Contributions   305,000 Cr         305,000 Dr
(m) Benefits           300,000 Dr 300,000 Cr
Journal entry, 12/31/13 297,010 Dr 560,000 Cr 523,000 Dr 22,600 Dr 282,610 Dr    
Accum OCI, 12/31/12   523,000 Dr 22,600 Dr      
Balance, Dec. 31, 2013       973,610 Dr 5,846,610 Cr 7,240,000 Dr

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