Chapter $7-$ Problem $3-$Arizona City Comprehensive Case Study

Using the information and transactions below, complete the steps in the box to submit your assignment.

Pension Trust Fund

Arizona City has only one Trust and Agency Fund. The city maintains and administers a defined benefit pension plan for police department and fire department personnel. The plan is financed from contributions by the city and from investment income.

Beginning $2018$ Trial Balance

The January $1,2018,$ trial balance for the Arizona City Police and Fire Pension Trust Fund is presented here: