Oriole Co has the following defined benefit pension plan balances on January 1, 2017 Projected benefit obligation $4,623,000 Fair value of plan assets 4,623,000 The interest (settlement) rate applicable to the plan is 10 On January 1, 2018, the company amends its pension agreement so that prior service costs of $603,000 are created Other data related to the pension plan are 2017 2018 Service cost $149,000 $170,000 Prior service cost amortization 0 90,000 Contributions (funding) to the plan 199,000 184,000 Benefits paid 217,000 277,000 Actual return on plan assets 250,000 346,000 Expected rate of return on assets 6 8 Prepare a pension worksheet for the pension plan in 2017 (Enter all amounts as positive ) ORIOLE COMPANY Pension Worksheet 2017 General Journal Entries Memo Record Items Annual Pension Expense Cash OCI Prior Service Cost OCI Gain Loss Pension Asset Liability Projected Benefit Obligation Plan Assets Balance, Jan 1, 2017 $ Dr Cr $ Dr Cr $ Dr Cr $ Dr Cr $ Dr Cr $ Dr Cr $ Dr Cr Service cost Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Interest cost Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Actual return Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Unexpected loss Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Contributions Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Benefits Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Journal entry for 2017 $ Dr Cr $ Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Accumulated OCI Dec 31, 2016 Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Balance, Dec 31, 2017 $ Dr Cr $ Dr Cr $ Dr Cr $ Dr Cr $ Dr Cr Prepare any journal entries related to the pension plan that would be needed at December 31, 2017 (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 0 for the amounts ) Date Account Titles and Explanation Debit Credit Dec 31, 2017 Prepare a pension worksheet for 2018 (Enter all amounts as positive ) ORIOLE COMPANY Pension Worksheet 2017 and 2018 General Journal Entries Memo Record Items Annual Pension Expense Cash OCI Prior Service Cost OCI Gain Loss Pension Asset Liability Projected Benefit Obligation Plan Assets Balance, Jan 1, 2017 $4,623,000 Cr $4,623,000 Dr Service cost $149,000 Dr 149,000 Cr Interest cost 462,300 Dr 462,300 Cr Actual return 250,000 Cr 250,000 Dr Unexpected loss 27,380 Dr $27,380 Dr Contributions $199,000 Cr 199,000 Dr Benefits 217,000 Dr 217,000 Cr Journal entry for 2017 $333,920 Dr $199,000 Cr 27,380 Dr $162,300 Cr Accumulated OCI Dec 31, 2016 0 Balance, Dec 31, 2017 $27,380 Dr $162,300 Cr 5,017,300 Cr 4,855,000 Dr Additional PSC, 1 1 2018 Dr Cr Dr Cr $ Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Balance, Jan 1, 2018 Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Service cost Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Interest cost Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Actual return Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Unexpected loss Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Amortization of PSC Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Contribution Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Benefits Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Journal entry for 2018 $ Dr Cr $ Dr Cr Dr Cr Dr Cr Dr Cr Oriole Co has the following defined benefit pension plan balances on January 1, 2017 Projected benefit obligation $4,623,000 Fair value of plan assets The interest (settlement) rate applicable to the plan is 10 On January 1, 2018, the company amends its pension agreement so that prior service costs of $603,000 are created Other data related to the pension plan are 2017 Service cost 2018 $149,000 $170,000 0 90,000 Contributions (funding) to the plan 199,000 184,000 Benefits paid 217,000 277,000 Actual return on plan assets 250,000 346,000 Prior service cost amortization Expected rate of return on assets 6 Prepare a pension worksheet for the pension plan in 2017 (Enter all amounts as positive ) Items Balance, Jan 1, 2017 Service cost Interest cost Actual return ORIOLE COMPANY Pension Worksheet2017 General Journal Entries OCI Annual Prior OCI Pension Pension Cas Service Gain Asset Expense h Cost Loss Liability $ $ $ $ $ Memo Record Projected Benefit Plan Obligation Assets $ $ Unexpected loss Contributions Benefits Journal entry for 2017 $ $ Accumulated OCI Dec 31, 2016 Balance, Dec 31, 2017 $ $ $ $ $ Prepare any journal entries related to the pension plan that would be needed at December 31, 2017 (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 0 for the amounts ) Date Dec 31, 2017 Account Titles and Explanation Debi Credi t t Prepare a pension worksheet for 2018 (Enter all amounts as positive ) Items Balance, Jan 1, 2017 Service cost Interest cost Actual return Unexpect ed loss Contributi ons ORIOLE COMPANY Pension Worksheet2017 and 2018 General Journal Entries Memo Record OCI Prior Annual Servi OCI Pension Projected Pension ce Gain Asset Benefit Plan Expense Cash Cost Loss Liability Obligation Assets $4,623, $4,623, Cr Dr 000 000 $149,0 Dr 00 462,30 Dr 0 250,00 Cr 0 Dr 27,380 149,000 Cr 462,300 Cr 250,000 Dr $27,3 Dr 80 $199,0 Cr 00 199,000 Dr Benefits 217,000 Journal $333,9 Dr $199,0 Cr entry for 20 00 2017 Accumula ted OCI Dec 31, 2016 Balance, Dec 31, 2017 Additional PSC, 1 1 2018 Balance, Jan 1, 2018 Service cost Dr 217,000 Cr 27,38 Dr $162,3 Cr 0 00 0 $27,3 Dr $162,3 Cr 80 00 $ 5,017,3 4,855,0 Cr Dr 00 00 Interest cost Actual return Unexpect ed loss Amortizat ion of PSC Contributi on Benefits Journal entry for 2018 $ $ Accumula ted OCI, Dec 31, 2017 Balance, Dec 31, $ $ $ $ $ 2018 Prepare journal entries related to the pension plan as of December 31, 2018 (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 0 for the amounts ) Date Account Titles and Explanation Debi Credi t t Dec 31, 2017 Indicate the pension related amounts reported in the 2018 financial statements Oriole Co Partial Income Statement $ Oriole Co Balance Sheet (Partial) $ $ Click if you would like to Show Work for this question Question Attempts 0 of 2 used Open Show Work

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Oriole Co. has the following defined benefit pension plan balances on January 1, 2017. Projected benefit obligation $4,623,000 Fair value of plan assets 4,623,000 The

Oriole Co. has the following defined benefit pension plan balances on January 1, 2017.

Projected benefit obligation	$4,623,000
Fair value of plan assets	4,623,000

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $603,000 are created. Other data related to the pension plan are:

2017	2018
Service cost	$149,000	$170,000
Prior service cost amortization	0	90,000
Contributions (funding) to the plan	199,000	184,000
Benefits paid	217,000	277,000
Actual return on plan assets	250,000	346,000
Expected rate of return on assets	6	%	8	%

Prepare a pension worksheet for the pension plan in 2017.(Enter all amounts as positive.)

ORIOLE COMPANY Pension Worksheet?2017

General Journal Entries

Memo Record

Items

Annual Pension Expense

Cash

OCI?Prior Service Cost

OCI? Gain/ Loss

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets

Balance, Jan. 1, 2017

Dr.Cr.

Service cost

Dr.Cr.

Interest cost

Dr.Cr.

Actual return

Dr.Cr.

Unexpected loss

Dr.Cr.

Contributions

Dr.Cr.

Benefits

Dr.Cr.

Journal entry for 2017

Dr.Cr.

Accumulated OCI Dec. 31, 2016

Dr.Cr.

Balance, Dec. 31, 2017

Dr.Cr.

Prepare any journal entries related to the pension plan that would be needed at December 31, 2017.(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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2017

Prepare a pension worksheet for 2018.(Enter all amounts as positive.)

ORIOLE COMPANY Pension Worksheet?2017 and 2018

General Journal Entries

Memo Record

Items

Annual Pension Expense

Cash

OCI?Prior Service Cost

OCI? Gain/ Loss

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets

Balance, Jan. 1, 2017

$4,623,000

Cr.

$4,623,000

Dr.

Service cost

$149,000

Dr.

149,000

Cr.

Interest cost

462,300

Dr.

462,300

Cr.

Actual return

250,000

Cr.

250,000

Dr.

Unexpected loss

27,380

Dr.

$27,380

Dr.

Contributions

$199,000

Cr.

199,000

Dr.

Benefits

217,000

Dr.

217,000

Cr.

Journal entry for 2017

$333,920

Dr.

$199,000

Cr.

27,380

Dr.

$162,300

Cr.

Accumulated OCI Dec. 31, 2016

Balance, Dec. 31, 2017

$27,380

Dr.

$162,300

Cr.

5,017,300

Cr.

4,855,000

Dr.

Additional PSC, 1/1/2018

Dr.Cr.

Balance, Jan. 1, 2018

Dr.Cr.

Service cost

Dr.Cr.

Interest cost

Dr.Cr.

Actual return

Dr.Cr.

Unexpected loss

Dr.Cr.

Amortization of PSC

Dr.Cr.

Contribution

Dr.Cr.

Benefits

Dr.Cr.

Journal entry for 2018

Dr.Cr.

Oriole Co. has the following defined benefit pension plan balances on January 1, 2017. Projected benefit obligation $4,623,000 Fair value of plan assets The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $603,000 are created. Other data related to the pension plan are: 2017 Service cost 2018 $149,000 $170,000 0 90,000 Contributions (funding) to the plan 199,000 184,000 Benefits paid 217,000 277,000 Actual return on plan assets 250,000 346,000 Prior service cost amortization Expected rate of return on assets 6 % Prepare a pension worksheet for the pension plan in 2017. (Enter all amounts as positive.) Items Balance, Jan. 1, 2017 Service cost Interest cost Actual return ORIOLE COMPANY Pension Worksheet2017 General Journal Entries OCI Annual Prior OCI Pension Pension Cas Service Gain/ Asset/ Expense h Cost Loss Liability $ $ $ $ $ Memo Record Projected Benefit Plan Obligation Assets $ $ Unexpected loss Contributions Benefits Journal entry for 2017 $ $ Accumulated OCI Dec. 31, 2016 Balance, Dec. 31, 2017 $ $ $ $ $ Prepare any journal entries related to the pension plan that would be needed at December 31, 2017. (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 0 for the amounts.) Date Dec. 31, 2017 Account Titles and Explanation Debi Credi t t Prepare a pension worksheet for 2018. (Enter all amounts as positive.) Items Balance, Jan. 1, 2017 Service cost Interest cost Actual return Unexpect ed loss Contributi ons ORIOLE COMPANY Pension Worksheet2017 and 2018 General Journal Entries Memo Record OCI Prior Annual Servi OCI Pension Projected Pension ce Gain/ Asset/ Benefit Plan Expense Cash Cost Loss Liability Obligation Assets $4,623, $4,623, Cr. Dr. 000 000 $149,0 Dr 00. 462,30 Dr 0. 250,00 Cr. 0 Dr 27,380 . 149,000 Cr. 462,300 Cr. 250,000 Dr. $27,3 Dr 80. $199,0 Cr 00. 199,000 Dr. Benefits 217,000 Journal $333,9 Dr $199,0 Cr entry for 20. 00. 2017 Accumula ted OCI Dec. 31, 2016 Balance, Dec. 31, 2017 Additional PSC, 1/1/2018 Balance, Jan. 1, 2018 Service cost Dr 217,000 Cr. . 27,38 Dr $162,3 Cr. 0. 00 0 $27,3 Dr $162,3 Cr. 80. 00 $ 5,017,3 4,855,0 Cr. Dr. 00 00 Interest cost Actual return Unexpect ed loss Amortizat ion of PSC Contributi on Benefits Journal entry for 2018 $ $ Accumula ted OCI, Dec. 31, 2017 Balance, Dec. 31, $ $ $ $ $ 2018 Prepare journal entries related to the pension plan as of December 31, 2018. (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 0 for the amounts.) Date Account Titles and Explanation Debi Credi t t Dec. 31, 2017 Indicate the pension-related amounts reported in the 2018 financial statements. Oriole Co. Partial Income Statement $ Oriole Co. Balance Sheet (Partial) $ $ Click if you would like to Show Work for this question: Question Attempts: 0 of 2 used Open Show Work