QUESTION 2 Match each transaction to the accounting entry that would be made. (A

Question

QUESTION 2 Match each transaction to the accounting entry that would be made. (Assume all transactions are recorded and received/ paid simultaneously.) A. Credit - Revenue Employer Contributions B. Debit Deductions Personal Services - Pensions C. Credit Additions Employer Contributions D. Debit Expenditures - Investment Fees E. - The Pension Trust Fund received the monthly pension contribution payment from the General Fund for its employees The General Fund made its monthly pension contribution payment for its employees to the Pension Trust Fund The Pension Trust Fund paid investment fees to its investment management firm. Debit Expenditures Personnel Services-Pension At the end of the period, it was determined that the fair F. Credit Additions - Net Appreciation in Fair Value of Investments G. value of the stock investments in the Pension Trust Fund had Debit Deductions - Investment Fees increased H. Credit - Investments in Stocks

Explanation / Answer

PTF Received Payment from the General Fund B & C General Fund made payment to pention Trust Fund E & A PTF paid Fees to Management Firm D & H Fair value of investment increased G & F

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