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 (below).  Review the transactions that occurred during the year ended July 1, 2014 and complete the following: a. Record the transactions on the books of the Employees’ Retirement Fund.b. Prepare a Statement of Changes in Net Assets for the Employees’ Retirement Fund for the Year Ended July 1, 2014.c. Prepare a Statement of Net Assets for the Employees’ Retirement Fund as of July 1, 2014  The City of Sweetwater maintains an Employee’s Retirement Fund, a single-employer, defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined contributions from the city’s General Fund and by contributions from employees. Administration of the retirement fund is handled by General Fund employees, and the retirement fund does not bear any administrative expenses. The Statement of Net Assets for the Employees’ Retirement Fund as of July 1, 2014, is shown here:   Cash                                                                                                   $120,000 Accrued Interest Receivable                                                              65,000 Investments, at Fair Value: Bonds                                                                                         4,500,000 Common Stocks                                                                       Total Assets                                                                       5,985,000 Accounts Payable and Accrued Expenses                                    Fiduciary Net PositionRestricted for Pensions                           5,635,000
The post Review the financial information pertaining to the City of Sweetwater in problem 7-13 (below). Review the transactions that occurred during the year ended July 1, 2014 and complete the following: a. Record the transactions on the books of the Employees’ Retirement Fund.b. Prepare a Statement of Changes in Net Assets for the Employees’ Retirement Fund for the Year Ended July 1, 2014.c. Prepare a Statement of Net Assets for the Employees’ Retirement Fund as of July 1, 2014 The City of Sweetwater maintains an Employee’s Retirement Fund, a single-employer, defined benefit plan that provides annuity and disability benefits. appeared first on Homework Aider.


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