The following are Rockville School District Teachers Retirement Plans statement of plan duciary net position (balance sheets)

The following are Rockville School District Teachers Retirement Plan’s statement of plan fiduciary net position (balance sheets) for 2015 and 2014, and statement of changes in plan fiduciary net position for 2015. All dollar amounts are in millions.

1. Prepare a summary journal entry to record the employer contributions recognized during the year, the cash actually received from the employer during the year, and the change in the contributions receivable from previous years.

2. Prepare a journal entry to record the benefits paid toretirees.

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Statement of Plan Fiduciary Nel Position as of December 31 2015 2014 Assets Cash Due from employer Interest and dividends receivable Investments in stocks and bonds (at fair value) 210 440 39 46 87 81 9,176 8,831 S9,512 $9,398 Total assets MS-137 Less: benefits payable Net position restricted for pensions $9,506 $9,361 Stalement of Changes in Pan Fiduciary Nel Position for the Year Ended December 31. 2015 Additions Employer contributions Interest and dividends $41 630 $1,171 Total additions Deductions Net depreciation in value of investments Benefits to which retirees Administrative expenses 621 394 are entitled for year Total deductions Net increase 1,026 145 9361 $9,506 Plan net position, December 31, 2014 Plan net position, December 31, 2015