Supplies & More, is a leading global provider of products, services, and solutions for workplaces. The following is an excerpt from a disclosure note in the companys annual report for the fiscal year ended December 31, 2017:

NOTE 13. EMPLOYEE BENEFIT PLANS (in part)	Pension Benefits
(In millions)	2017				2016
Changes in projected benefit obligation:
Obligation at beginning of period	$	1,140			$	1,129
Service cost		4				8
Interest cost		53				59
Actuarial (gain) loss		60				15
Benefits paid		(102	)			(152	)
Obligation at end of period	$	1,155			$	1,029
Change in plan assets:
Fair value of plan assets at beginning of period	$	884			$	993
Actual return (loss) on plan assets*		128				98
Employer contribution		15				3
Benefits paid		(102	)			(152	)
Fair value of plan assets at end of period		925				942
Net liability recognized at end of period	$	(230	)		$	(87	)

*Expected return $63 and $69 in 2017 and 2016, respectively Required: 1. What amount did Supplies & More report in its balance sheet related to the pension plan at December 31, 2017? 2. When calculating pension expense at December 31, what amount did Supplies & More include in its income statement as the amortization of unrecognized net actuarial loss (net lossAOCI)? This AOCI account had a balance of $74 million at the beginning of the year and was the only AOCI account related to pensions. The average remaining service life of employees was 10 was years. 3. What was the pension expense? 4. What were the appropriate journal entries to record Supplies & More pension expense and to record gains and/or losses related to the pension plan?

Complete this question by entering your answers in the tabs below.

• Req 1 to 3

• Req 4

What amount did Supplies & More report in its balance sheet related to the pension plan at December 31, 2017? When calculating pension expense at December 31, what amount did Supplies & More include in its income statement as the amortization of unrecognized net actuarial loss (net lossAOCI)? This AOCI account had a balance of $74 million at the beginning of the year and was the only AOCI account related to pensions. The average remaining service life of employees was 10 was years. What was the pension expense? (Leave no cell blank - be certain to enter "0" wherever required. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.)

1.	Net Pension Asset/Liability		million
2.	Amortization		million
3.	Pension expense		million

What were the appropriate journal entries to record Supplies & More pension expense and to record gains and/or losses related to the pension plan? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).)

Journal entry worksheet

1)Record Pension Expense 2)Record Gain or Loss on PBO 3)Record Gain or Loss on Plan Assets

Event	General Journal	Debit	Credit
1
2
3