On December 31, 2013, Robey Company accumulated the following information for 2013 in regard to its defined benefit pension plan: On its December 31, 2012, balance sheet, Robey had reported an accrued/prepaid pension cost liability of $11,000. 2 b. Prepare all the journal entries related to Robey\'s pension plan for 2013 if it funds the pension plan in the amount of $112,000. For compound entries, if an amount box does not require an entry, leave it blank. Record Expense: Pension Expense (Debit) Cash (Credit) Accrued/Prepaid Pension Cost (Credit) Record PSC: Accrued/Prepaid Pension Cost (Debit) Other Comprehensive Income: Prior Service Cost (Credit) Solution Debit $ Credit $ Pension Expense 115000 Cash 112000 Accrued/Prepaid Pension Cost 3000 For Recording PSC Accrued/Prepaid Pension Cost 3000 Prior Service Cost 3000 Note: + Service Cost 108000 + Interest cost on projected benefit obligation 15000 - Expected return on plan assets -11000 + Amortization of prior service cost 3000 Pension Expense to be recognised 115000 Cash = Plan Aset funding = 112000 .