Prepare the Journal entries for the City of Chesapeake Retirement Fund for these transactions In good form:
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Prepare the Journal entries for the City of Chesapeake Retirement Fund for these transactions In good form:
1) Interest Receivable of $75,000 was collected in Cash on August 1st.
2) member contributions of $500.00 were collected m cash. The General Fund also contributed $250,000 In cash. Both events occurred on November 27th.
3) Liabilities were recorded as follows on December 15th. : Defined Benefits $250,000 and Disability Benefits $95,000
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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