Harris County administers a pension trust fund for some of its employees. The following represents transactions that
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Question:
Harris County administers a pension trust fund for some of its employees. The following represents transactions that were recorded by the Harris County Pension Trust Fund:
Interest receivable was collected and recorded in the amount of $
Employee member cash contributions for the year were $ and employer cash contributions were $
Annuity benefits of $ were accrued for retirees and disability benefits of $ were also accrued.
Payment of accounts payable and accrued expenses totaled $
Administrative expenses of $ were accrued to the accrued payable account.
Terminated employees whose benefits were not vested got cash refunds of $
Required: Prepare the journal entries for these pension trust transactions.
ACCOUNT TITLES DEBIT CREDIT
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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