The accounting staff of Wildhorse Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2021. (a)Determine the missing amounts in the 2021 pension worksheet, indicating whether the amounts are debits or credits.   Annual Pension Expense debit/ credit Cash debit/ credit OCI - Prior Service Cost debit/ credit OCI - Gain/Loss debit/ credit pension asset/liability debit/credit Projected benefit obligation debit/credit Plan Assets debit/credit Balance Jan 1, 2021                 1,190 Cr. 4,120   2,930   service cost $                   570       interest cost $                   326       actual return $                       422   unexpected gain 157           $               amortization of psc $       61                   contributions     1,190                   1,190   benefits                     293   293   liability increase             $       531       journal entry $   $   $   $   $           accumulted OCI Dec 31, 2013         610   0               Balance Dec 31, 2013         549   374   1,005   5,254   4,249   b. Prepare the journal entry to record 2021 pension expense for Wildhorse Account title & explanation Debit Credit

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.