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During 2025 , the investment pool earned dividends of $10,700 and interest of $19,200 and distributed cash in these amounts to the respective funds. Realized
During 2025 , the investment pool earned dividends of $10,700 and interest of $19,200 and distributed cash in these amounts to the respective funds. Realized gains on transactions of the investment pool amounted to $15,000 and were reinvested in securities held in the pool. Prepare the journal entries that are necessary in the records of each of the funds to account for the earnings of the investment pool during 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account I Ities and Explanation DebIt Creait Loan Fund Quasi-Endowment Fund Life Income Fund During 2025 , the investment pool earned dividends of $10,700 and interest of $19,200 and distributed cash in these amounts to the respective funds. Realized gains on transactions of the investment pool amounted to $15,000 and were reinvested in securities held in the pool. Prepare the journal entries that are necessary in the records of each of the funds to account for the earnings of the investment pool during 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account I Ities and Explanation DebIt Creait Loan Fund Quasi-Endowment Fund Life Income Fund
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