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ACC 380 Week 3 Assignment Net Assets and Employees Retirement Fund

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Net Assets and Employees’ Retirement FundComplete 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 on pages 215-217 of your text. Review the transactions that occurred during the year ended June 30, 2012 and complete the following:

1. Record the transactions on the books of the Employees’ Retirement Fund.

2. Prepare a Statement of Changes in Net Assets for the Employees’ Retirement Fund for the Year Ended June 30, 2012.

3. Prepare a Statement of Net Assets for the Employees’ Retirement Fund as of June 30, 2012. 

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