View transaction list Journal entry worksheet ook int Record the entry for pension expense in 2021. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Prev 9 of 10 Next >View transaction list Journal entry worksheet Record the entry for gain on plan assets in 2021. Note: Enter debits before credits. Event General Journal Debit Credit View general journal Record entry Clear entry\fon 9 - Unit 8 AS: Exercises X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.kean.edu%252Fwebapps%252Fportal%252Fframeset.jsp Ocean Connect Close Browser B. Blackboard Learn Course Content - 2... X xFinity | Portal Citing a Website in... Unit 8 AS: Exercises and Problems (Connect) i Saved Help 9 Mayer Corporation has a defined benefit pension plan. Mayer's policy is to fund the plan annually, cash payments being made at the end of each year. Data relating to the pension plan for 2021 are as follows: December 31 points $ in millions) 2021 2020 Plan assets $ 1, 610 $1, 400 Net Pension Expense for 2021: Book Service cost $ 130 Interest cost (5% x $1, 200) 60 Hint Actual return on the plan assets (11% x $1, 400 = $154) Adjusted for: $14 gain on the plan assets* (140) Print Amortization of prior service cost 9 References Amortization of net loss $ 60 *(11% x $1,400) - (10% x $1.400) Required: Recreate the journal entries used to record Mayer's 2021 pension expense, gain on plan assets, and funding of plan assets in order to determine the cash paid to the pension trustee as reported in the statement of cash flows. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Mc Graw Hill