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14 Cards in this Set
- Front
- Back
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Pension Funds: Entry #1
Interest receivable on investments was collected in cash. |
DR: Cash
CR: Accrued Interest Receivable |
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Pension Funds: Entry #2
Member and Employer contributions received in cash. |
DR: Cash
CR: Additions--Contributions--Members CR: Additions--Contributions--Employers |
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Pension Funds: Entry #3
Annuity and Disability benefits recorded as liabilities. |
DR: Deductions--Annuity Benefits
DR: Deductions--Disability Benefits CR: Accounts Payable & Accrued XP |
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Pension Funds: Entry #4
Accounts Payable and Accrued XP paid in cash. |
DR. Accounts Payable & Accrued XP
CR: Cash |
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Pension Funds: Entry #5
Interest income and dividends received in cash. Bond interest accrued at year-end. |
DR: Cash
DR: Accrued Interest Payable CR: Additions--Interest Income CR: Additions--Dividend Income |
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Pension Funds: Entry #6
Refunds were made to terminated, nonvested participants. |
DR: Deductions--Refund to Terminated Employee
CR: Cash |
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Pension Funds: Entry #7
Common Stocks sold at a loss. Investments made in stock. |
CS Sold at a Loss:
DR: Cash DR: Additions--Decrease in FV--CS CR: Investments--CS Investments made: DR: Investments--CS CR: CASH |
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Pension Funds: Entry #8
End of the year FV of stocks decreased and FV of bonds increased. |
DR: Investments--Bonds
DR: Additions--Net Decrease in FV CR: Investments--CS |
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Private Purpose Trust Funds: Entry #1
Original gift of cash is received. |
DR: Cash
CR: Additions--Contributions-Individual |
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Private Purpose Trust Funds: Entry #2
XYZ bonds purchased at par plus interest. |
DR: Investments--XYZ
DR: Accrued Interest Receivable CR: Cash |
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Private Purpose Trust Funds: Entry #3
ABC common stock purchased. |
DR: Investments--ABC
CR: Cash |
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Private Purpose Trust Funds: Entry #4
First semi-annual interest payment received. |
DR: Cash
CR: Accrued Interest Receivable CR: Additions--Investment Earnings--Interest |
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Private Purpose Trust Funds: Entry #5
Cash dividend received from ABC. |
DR: Cash
CR: Additions--Dividend Income |
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Private Purpose Trust Funds: Entry #6
ABC stock sold and DEF purchased. |
DR: Cash
CR: Investment--ABC CR: Additions--Net Increase in FV of Investments DR: Investments--DEF CR: Cash |
