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Business Entity Assumption Ozark Sports sells hunting and fishing equipment and provides guided hunting and fishing trips. Ozark is owned and operated by Eric Griffith,a

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Business Entity Assumption Ozark Sports sells hunting and fishing equipment and provides guided hunting and fishing trips. Ozark is owned and operated by Eric Griffith,a well-known sports enthuslast and hunter. Eric's wife, Linda, owns and operates Lake Boutique, a women's clothing store. Eric and Linda have established a trust fund to finance their children's college education. The trust fund is maintained by Missourl State Bank in the name of the children, Mark and Steffy. a. For each of the following transactions, identify which of the entities listed should record the transaction in its records: Lake Boutique Missouri State Bank Ozark Sports None of the entitles 1. Linda authorized the trust fund to purchase mutual fund shares 2. Linda purchased two dozen spring dresses from a St. Louis designer for a special spring sale 3. Eric paid a breeder's fee for an English springer spaniel to be used as a hunting quide dog. 4. Linda deposited a $2,000 personal check in the trust fund at Missouri State Bank 5. Eric paid a local doctor for his annual physical, which was required by the worker's compensation insurance policy carried by Ozark Sports

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