Moody Village maintains a Pension Trust Fund for its employees. At the start of the year, the Fund holds cash of $150,000 and investments that have a fair value of $4,000,000. The Fund has the following transactions. Prepare entries to record them in the Fund's accounts.
a. Bills the General Fund $200,000 for the required annual contribution. The pension plan does not require contributions from the employees.
b. Receives payment of $200,000 from the General Fund.
c. Receives interest and dividend income of $150,000 in cash on its investment portfolio.
d. Receives $215,000 from selling investments carried on the books at $200,000.
e. Makes new investments totaling $275,000.
f. Pays retirement benefits of $325,000 to retirees or their spouses.
g. Pays administrative expenses of $100,000 in cash.
h. The investments held by the Fund have a fair value of $4,100,000 at year-end.

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The Answer of Moody Village maintains a Pension Trust Fund for its employees. At the start of the year, the Fund holds cash of $150,000 and investments that have a fair value of $4,000,000. The Fund has the following transactions. Prepare entries to record them in the Fund's accounts.
a. Bills the General Fund $200,000 for the required annual contribution. The pension plan does not require contributions from the employees.
b. Receives payment of $200,000 from the General Fund.
c. Receives interest and dividend income of $150,000 in cash on its investment portfolio.
d. Receives $215,000 from selling investments carried on the books at $200,000.
e. Makes new investments totaling $275,000.
f. Pays retirement benefits of $325,000 to retirees or their spouses.
g. Pays administrative expenses of $100,000 in cash.
h. The investments held by the Fund have a fair value of $4,100,000 at year-end.

Moody Village Maintains a Pension Trust Fund for Its Employees