accounting - Exercise 7-13 (1) 7-13 (A). CITY OF SWEETWATER...

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Exercise 7-13 (1) 7-13 (A). CITY OF SWEETWATER EMPLOYEES' RETIREMENT FUND GENERAL JOURNAL FY ENDED 6/30/12 Debi ts Credit s 1. Cash Accrued Interest Receivable 135,000 135,000 2. Cash Additions-Contributions-Plan Members Additions-Contributions-Employer 1,000,000 400,000 600,000 3. Deductions-Annuity Benefits Deductions-Disability Benefits Accounts Payable and Accrued Expenses 700,000 150,000 850,000 4. Accounts Payable and Accrued Expenses Cash 900,000 900,000 5. Cash Accrued Interest Receivable Additions-Investment Earnings-Interest Additions-Investment Earnings-Dividends 240,000 140,000 340,000 40,000 6. Deductions-Refunds to Terminated Employees Cash 130,000 130,000 7. Cash Common Stocks Additions-Investment Earnings-Net Increase in Fair Value of Investments 500,000 480,000 20,000 Common Stocks Cash 1,300,000 1,300,000 8. Common Stocks Bonds Additions-Investment Earnings-Net Increase in Fair Value of Investments 50,000 30,000 20,000 9. Additions-Contributions-Plan Members Additions-Contributions-Employer
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This note was uploaded on 09/15/2011 for the course ACCOUNTING 451 taught by Professor Any during the Spring '11 term at Ashford University.

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accounting - Exercise 7-13 (1) 7-13 (A). CITY OF SWEETWATER...

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