week 3 assignment

week 3 assignment - 7-13 PARTA.CITY OF SWEETWATER EMPLOYEES...

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Unformatted text preview: 7-13 PARTA.CITY OF SWEETWATER EMPLOYEES' RETIREMENT FUNDGENERAL JOURNALFY ENDED 6/30/2012 DEBITSCREDITS1.CASHACCRUEDINTERESTRECEIVABLE135,000135,0002.CASHADDITIONS-CONTRIBUTIONS-PLANMEMBERSADDITIONS-CONTRIBUTIONS-EMPLOYER1,000,000400,000600,0003.DEDUCTIONS-ANNUITYBENEFITSDEDUCTIONS-DISABILITYBENEFITSACCOUNTSPAYABLEANDACCRUEDEXPENSES700,000150,000850,0004.ACCOUNTSPAYABLEANDACCRUEDEXPENSESCASH900,000900,0005.CASHACCRUEDINTERESTRECEIVABLEADDITIONS-INVESTMENTEARNINGS-INTERESTADDITIONS-INVESTMENTEARNINGS-DIVIDENDS280,000140,000380,00040,0006.DEDUCTIONS-REFUNDSTOTERMINATEDEMPLOYEESCASH130,000130,0007.CASHADDITIONS-INVESTMENTEARNINGS-NETDECREASEINFAIRVALUEOFINVESTMENTSINVESTMENTSINCOMMONSTOCKS480,00020,000500,000INVESTMENTSINCOMMONSTOCKSCASH780,000780,0008.INVESTMENTSINBONDSADDITIONS-INVESTMENTEARNINGS-NETDECREASEINFAIRVALUEOFINVESTMENTSINVESTMENTSINCOMMONSTOCK30,00020,00050,0007-13 PARTA (CONTINUED)....
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week 3 assignment - 7-13 PARTA.CITY OF SWEETWATER EMPLOYEES...

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