Question

The following information is available for Russellville at June 30, 2012. Prepare a statement of fiduciary net position for Russellville’s Pension Trust Fund as of June 30, 2012, by reporting the assets and liabilities from the information provided.
Additions— interest ............ $ 250,000
Member contributions............ 340,000
Loss on sale of investments......... 30,000
Cash.................. 180,000
Accrued expenses ............ 56,000
Interest receivable ............ 20,000
Accounts payable ............ 33,000
Due to other funds ............ 54,000
Investments ............... 10,000,000
Deductions— operating costs........ 42,000
Retirement annuities paid ......... 987,000



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  • CreatedDecember 30, 2014
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