Select One:

A) A Debit Balance of $160,000

B) A Debit Balance of $240,000

C) A Debit Balance of $400,000

D) A Credit Balance of $160,000

The city of Staubach's general government employees-paid from General Fund resources, participate in a defined contribution plan sponsored by Staubach. During the current year, the city made $240,000 in cash contributions to its employees' individual defined contribution pension retirement accounts. Based on benefit terms, Staubach should have but did not contribute an additional $160,000 before the end of its fiscal year. What should be the balance of the Expenditures-pension account in Staubach's General Fund at its fiscal year-end