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a. Record the following transactions that occurred during 2021 in the Investment Pool Fund. Do not forget to click on [Year] to change the date

a.Record the following transactions that occurred during 2021 in the Investment Pool Fund. Do not forget to click on [Year] to change the date to 2021.

1.[Para. 8a-5] On November 30, the 9-month CD matured and interest was received.

2.[Para. 8a-6] On December 31, interest was accrued on bond investments.

3.[Para. 8a-7]. On December 31, the fair value of investments in bonds was $826,000. (Note: Credit Undistributed Change in Fair Value of Investments for the increase in fair value.)

4.[Para. 8a-8]. On December 31, the proportionate equities of the city's debt service fund and the Bingham CSD were calculated and investment earnings and changes in fair value of investments were distributed accordingly.In the journal entries round all calculations to the nearest whole dollar. (Note: You should complete 8-c below prior to making this journal entry.)

5.[Para. 8a-9]. Subsequent to the distribution of earnings and changes in fair value, the Bingham CSD withdrew $200,000 to meet certain obligations coming due.To provide the cash needed for the withdrawal, the Investment Pool Fund manager sold the 4.5 percent bonds on December 31 for $200,000, plus interest of $4,500, receiving in total $204,500 from the sale.(Note: Adjust Interest Receivable on Investments for the interest received.)

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