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Exercise 20-18 (Part Level Submission) The accounting staff of Bramble Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not
Exercise 20-18 (Part Level Submission) The accounting staff of Bramble 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 2017 Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension -Bramble Inc. Plan Assets Annual Pension oCI-Prior Service Cost oCI-Gain/ Loss Pension Asset/ Liability Projected Benefit Cash obligatiorn Balance, Jan. 1, 2017 Service cost Interest cost Actual return Unexpected gain Amortization of PSC $1,364 Cr $3,472 $2,108 620 347 273 186 $68 $992 992 Benefits Liability increase ournal entry Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 248 248 453 1,364 $1,296 $267 $1,519 $4,644 $3,125
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