For Each of the Following Items, Either the Journal Entry

question 3

Essay

For each of the following items, either the journal entry for the original event or the journal entry involving only periodic adjustments to the fund balance accounts for a city's Pension Trust Fund is provided.
Required:
Prepare the missing journal entry or indicate that no entry would be made. Omit explanations.
Journal Entries in the Pension Trust Fund:

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Definitions:

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or sales activities.

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Average Fixed Cost

The fixed costs of production divided by the number of units produced, showing how fixed costs per unit change with changes in output.

Average Total Cost

The per-unit cost of production, calculated by dividing the total cost by the total quantity of output produced.