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please only do what is in red The Albertville City Council decided to pool the investments of its General Fund with Albertville Schools and Richwood

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The Albertville City Council decided to pool the investments of its General Fund with Albertville Schools and Richwood Township in an investment pool to be managed by the city. Each of the pool participants had reported its investments at fair value as of the end of 2019. At the date of the creation of the pool, February 15, 2020, the fair value of the investments of each pool participant was as follows: Prepare the journal entries to be made in the accounts of the investment pool trust fund to record the following transactions for the first year of operations: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) 2. On June 15, Richwood Township decided to withdraw $3,030,000 for a capital projocts payment At the date of the withdrawal, the fair value of the Treasury notes had incrensed by $32,000. Assume that the trust fund was abte to redoem the CDi nocessary to complete the withdrawal without a ponalty but did not rnceive interent on the funde. \begin{tabular}{|c|c|c|c|c|c|} \hline & & Cash & 0 & 3,030,000 & \\ \hline & & Certicicates of Deposit & 0 & & 3,030,000 \\ \hline \multirow[t]{3}{*}{20} & & Record the payment of cash. & & & \\ \hline & & Deductions - Withdrawal from Pooled Investments - Richwood Townahip & 0 & 3,030,0000 & \\ \hline & & Cash & 0 & & 3,030,0000 \\ \hline \multicolumn{6}{|c|}{ 3. On September 15 , interest on Treasury notes in the amount of $54,000 was collected. } \\ \hline \multirow[t]{3}{*}{3} & \begin{tabular}{l} Investment Pool Trust \\ Fund \end{tabular} & Cash & ( & 54,0000 & \\ \hline & & Undstribuled Eamings on Pooled Investments & 0 & & 54.0000 \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ 4. Interest on CDs accrued at year-end amounted to $32,000. } \\ \hline \multirow[t]{3}{*}{4} & \begin{tabular}{l} Invostment Pool Trust \\ Fund \end{tabular} & Accrued interest Receivable & 0 & 32,000 & \\ \hline & & Undistnbuted Earnings on Pooled investments & 0 & & 32,0000 \\ \hline & + & & & & \\ \hline \multicolumn{6}{|c|}{\begin{tabular}{l} 5. At the end of the yeer undistributed earnings were allocated to the investment pool participants. Assume that there were no additional changes in the \\ fair val of of investment after the Richwood Township withdrawal. Round the amount of the distribution to each fund or participant to the nearest dollar. \end{tabular}} \\ \hline \multirow[t]{4}{*}{5} & \begin{tabular}{l} Investment Pool Trust \\ Fund \end{tabular} & Undistributed Eamings on Pooled Investments & 0 & 32,000 & \\ \hline & & Due to General Fund & 0 & & \\ \hline & 7 & Additions - Investment Earnings - Albertvilie Schools & 0 & & \\ \hline & & Additions - Investment Earnings - Richwood Township & 0 & & \\ \hline \end{tabular}

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