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  • Essay
  • September 13th, 2013

Net Assets and Employees’ Retirement Fund

Net Assets and Employees’ Retirement Fund.Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting computations and explanations.

Review the financial information pertaining to the City of Sweetwater in problem 7-13 on pages 215-217 of your text. Review the transactions that occurred during the year ended June 30, 2012 and complete the following:

1. Record the transactions on the books of the Employees’ Retirement Fund.

2. Prepare a Statement of Changes in Net Assets for the Employees’ Retirement Fund for the Year Ended June 30, 2012.

3. Prepare a Statement of Net Assets for the Employees’ Retirement Fund as of June 30, 2012.

 

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