Journal entries for a Pension Trust Fund

The Pension Trust Fund maintained by the city of Marydell had the following transactions and events during its current fiscal year:

Contributions of $$1,440,000$ were received from General Fund employees, and the General Fund contributed its share of $$240,000.$

The fund paid $$1,200$ for investment management fees.

Investments held by the fund increased in value by $$8,400.$

Depreciation on fund capital assets totaled $$1,920$

Retirement benefits of $$18,480$ were paid to retirees.

Interest of $$6,000$ and dividends of $$3,360$ were received from investments.

Prepare journal entries to record the transactions and events above for the Pension Trust Fund. If an entry affects more than one debit or credit account, enter the accounts in order of magnitude $($largest to smallest balances$),$ debits first.

$\backslash$table$[[$Account$,,$Debit,Credit$],[$Cash$,,1,440,000,],[$Additions$-$pension contributions$-$plan members,$,1,200,000,],[$Additions$-$pension contributions$-$employer,$,0,240,000],[$To record contributions received.$],[$Investments$,,1,200,],[$Cash$,,0,1,200],[$To record payment of management fees.$],[$Investments$,,8,400,0],[$Additions$-$net increase in fair value of investments,$,0,8,400],[$To record change in value of investments.$],[$Deductions$-$depreciation on capital assets,$,1,920,0],[$Accumulated depreciation$-$capital assets,$,0,1,920],[$To record depreciation on capital assets.$],[$Deductions$-$retirement benefits,$,18,480,0],[$Cash$,,0,18,480],[$To record payment of retirement benefits.$],[$Cash$,,9,360,0],[$Additions$-$interest,$,0,6,000],[$Additions$-$dividends,$,0,3,360],[$To record receipt of interest and dividend income.,,,$]]$