1: Record entry for pension expense

2: Record entry for amortization of deferred outflow resulting from change in pension plan assumption

3 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 $237,500, and interest on the pension liability is $164,800 for the year. The City is amortizing a deferred outflow resulting from a change in plan assumptions from a prior year in the amount of $5,500 per year. 10 points 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 eBook Journal entry worksheet Ask 1 2 > Record entry for pension expense. o References Note: Enter debits before credits. Transaction Debit Credit 1 General Journal Pension Expense Net Pension Liability Record entry Clear entry View general journal