Accounting Assignment #3
Latosha Greer
ACC380
Instructor Bundli
December 15, 2013
CITY OF SWEETWATER EMPLOYEES' RETIREMENT FUND
GENERAL JOURNAL
For Year ENDED 6/30/12
| | Debits | Credits |
1. | Cash Accrued Interest Receivable | 135,000 | 135,000 |
2. | Cash Additions-Contributions-Plan Members Additions-Contributions-Employer | 1,200,000 | 600,000600,000 |
3. | Deductions-Annuity BenefitsDeductions-Disability Benefits Accounts Payable and Accrued Expenses | 700,000150,000 | 850,000 |
4. | Accounts Payable and Accrued Expenses Cash | 900,000 | 900,000 |
5. | CashAccrued Interest Receivable Additions-Investment Earnings-Interest Additions-Investment Earnings-Dividends | 280,000140,000 | 380,000 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 | 520,000 | 500,00020,000 |
| Common Stocks Cash | 1,020,000 | 1,020,000 |
8. | Common Stocks Bonds Additions-Investment Earnings-Net Increase in Fair Value of Investments | 50,000 | 30,00020,000 |
9. | Additions-Contributions-Plan MembersAdditions-Contributions-EmployerAdditions-Investment Earnings-InterestAdditions-Investment Earnings-DividendsAdditions-Investment Earnings-Net Increase in Fair Value of Investments Deductions-Annuity Benefits Deductions-Disability Benefits Deductions-Refunds to Terminated Employees Net Assets Held in Trust for Pension Benefits | 600,000600,000380,00040,00040,000 | 700,000150,000130,000680,000 |
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CITY OF SWEETWATER
EMPLOYEES' RETIREMENT FUND
STATEMENT OF CHANGES IN PLAN NET ASSETS
FOR THE YEAR ENDED JUNE 30, 2012
Additions: Contributions: Employer Member Total Contributions | |...