Preparation of a statement of fiduciary net position for a Pension Trust Fund The following...
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Preparation of a statement of fiduciary net position for a Pension Trust Fund The following information is available for Russellville at June 30, 2019. Prepare a statement of fiduciary net position for Russellvilles Pension Trust Fund as of June 30, 2019, by reporting the assets and liabilities from the information provided. Additionsinterest $ 250,000 Member contributions 340,000 Loss on sale of investments 30,000 Cash 180,000 Accrued expenses 56,000 Interest receivable 20,000 Accounts payable 33,000 Due to other funds 54,000 Investments 10,000,000 Deductionsoperating costs 42,000 Retirement annuities paid 987,000 Russellville Pension Trust Fund Employees Retirement Fund Statement of Fiduciary Net Position June 30, 2019 Assets: Cash $Answer Interest receivable Answer Investments Answer Total assets $Answer Liabilities: Accrued expenses Answer Accounts payable Answer Due to other funds Answer Total liabilities Answer Net position restricted for pensions
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