Question
determine the components of the required statements Account Title Debits Credits Cash 128,000 Investments 2,003,000 Due to General Fund 3,000 Accounts Payable 4,000 Net assets
determine the components of the required statements Account Title Debits Credits Cash 128,000 Investments 2,003,000 Due to General Fund 3,000 Accounts Payable 4,000 Net assets held in trust for pension benefits 2,210,000 Additions pension contributions employer 250,000 Additions- pension contributions employees 150,000 Additions interest on investments 200,000 Deductions retirement annuities 675,000 Deductions administrative costs 11,000 What are the total assets, total liabilities, and the ending net assets held in trust for pension benefits?
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