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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Study Guide/Workbook For Use With Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
3rd Edition
0072835249, 978-0072835243
