Determine the missing amounts in the 2014 pension worksheet, indicating whether the amounts are debits or credits Pension WorksheetUsher Inc General Journal Entries Memo Record Annual Pension Expense Cash OCIPrior Service Cost OCIGain Loss Pension Asset Liability Projected Benefit Obligation Plan Assets Balance, Jan 1, 2014 $3,678 Dr Cr $9,363 Dr Cr $5,685 Dr Cr Service cost $ Dr Cr 1,672 Dr Cr Interest cost Dr Cr 936 Dr Cr Actual return Dr Cr 736 Dr Cr Unexpected gain 502 Dr Cr $ Dr Cr Amortization of PSC Dr Cr $184 Dr Cr Contributions $2,675 Dr Cr 2,675 Dr Cr Benefits 669 Dr Cr 669 Dr Cr Liability increase Dr Cr 1,221 Dr Cr Journal entry $ Dr Cr $ Dr Cr Dr Cr Dr Cr Dr Cr Accumulated OCI, Dec 31, 2013 3,678 Dr Cr 0 Balance, Dec 31, 2014 $3,494 Dr Cr $719 Dr Cr $4,096 Dr Cr $12,523 Dr Cr $8,427 Dr Cr SHOW LIST OF ACCOUNTS LINK TO TEXT Exercise 20 18 The accounting staff of Usher Inc has prepared the following pension worksheet Unfortunately, several entries in the worksheet are not decipherable The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2014 Determine the missing amounts in the 2014 pension worksheet, indicating whether the amounts are debits or credits

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Question: Determine the missing amounts in the 2014 pension worksheet, indicating whether the amounts are debits or credits. Pension WorksheetUsher Inc. General Journal Entries Memo Record

Determine the missing amounts in the 2014 pension worksheet, indicating whether the amounts are debits or credits.

Pension WorksheetUsher Inc.

General Journal Entries

Memo Record

Annual Pension Expense

Cash

OCIPrior Service Cost

OCIGain/ Loss

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets

Balance, Jan. 1, 2014

$3,678

Dr.Cr.

$9,363

Dr.Cr.

$5,685

Dr.Cr.

Service cost

Dr.Cr.

1,672

Dr.Cr.

Interest cost

Dr.Cr.

936

Dr.Cr.

Actual return

Dr.Cr.

736

Dr.Cr.

Unexpected gain

502

Dr.Cr.

Amortization of PSC

Dr.Cr.

$184

Dr.Cr.

Contributions

$2,675

Dr.Cr.

2,675

Dr.Cr.

Benefits

669

Dr.Cr.

669

Dr.Cr.

Liability increase

Dr.Cr.

1,221

Dr.Cr.

Journal entry

Dr.Cr.

Accumulated OCI, Dec. 31, 2013

3,678

Dr.Cr.

Balance, Dec. 31, 2014

$3,494

Dr.Cr.

$719

Dr.Cr.

$4,096

Dr.Cr.

$12,523

Dr.Cr.

$8,427

Dr.Cr.

SHOW LIST OF ACCOUNTS
LINK TO TEXT

Exercise 20-18 The accounting staff of Usher Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2014. Determine the missing amounts in the 2014 pension worksheet, indicating whether the amounts are debits or credits.

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