Exercise 20-18 The accounting staff of Ivanhoe 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 WorksheetIvanhoe 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, 2017

$1,364

Cr.

$3,472

Dr.Cr.

$2,108

Dr.Cr.

Service cost

$

Dr.Cr.

620

Dr.Cr.

Interest cost

Dr.Cr.

347

Dr.Cr.

Actual return

Dr.Cr.

273

Dr.Cr.

Unexpected gain

186

Dr.Cr.

$

Dr.Cr.

Amortization of PSC

Dr.Cr.

$68

Dr.Cr.

Contributions

$992

Dr.Cr.

992

Dr.Cr.

Benefits

248

Dr.Cr.

248

Dr.Cr.

Liability increase

Dr.Cr.

453

Dr.Cr.

Journal entry

$

Dr.Cr.

$

Dr.Cr.

Dr.Cr.

Dr.Cr.

Dr.Cr.

Accumulated OCI, Dec. 31, 2016

1,364

Dr.Cr.

0

Balance, Dec. 31, 2017

$1,296

Dr.Cr.

$267

Dr.Cr.

$1,519

Dr.Cr.

$4,644

Dr.Cr.

$3,125

Dr.Cr.

*Exercise 20-18 The accounting staff of Ivanhoe 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 Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension Worksheet-Ivanhoe Inc. General Journal Entries OCI-Prior OCI-Gain/ Service Cost Loss Annual Pension Expense Memo Record Projected Benefit Plan Obligation Assets Pension Asset/ Liability Cash Balance, Jan. 1, 2017 $1,364 Cr. $3,472 $2,105 Service cost 620 Interest cost 347 Actual return 273 Unexpected gain 196 Amortization of PSC $68 Contributions $992 Benefits Liability increase 453 Journal entry Accumulated OCI, Dec 31, 2015 1,364 Balance, Dec 31, 2017 $1.296 196 $267 $267 $1,519 $4,6447 $3,1257 Prepare the journal entry to record 2017 pension expense for Ivanhoe Inc. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit