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Required Information [ The following information applies to the questions displayed below ] The Albertulle City Council decided to pool the investments of Its General
Required Information
The following information applies to the questions displayed below
The Albertulle 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 At the date of the creation of the pool, February the falr value of the investments of each pool participant was as follows:
c Record the June increase in each of the participant's funds. On June Richwood Township decided to withdraw $ for a capital projects payment At the date of the withdrawal, the falr value of the Treasury notes had increased by $ Assume that the trust fund was able to redeem the CDs necessary to complet the withdrawal without a penalty but did not recelve interest on the funds. If no entry is required for a transactionevent select No Journal Entry Required" In the first account fleld.
tableTransactionFund,General Journal,Debi Record the June increase in each of the participant's funds.City of Albertville General Fund,EAlbertville Schools,FRichwood Township,Record the increase in investments in the general journal.,rRecord the vilthdrawi made by Richwood Townships, from the pooled investments.,
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