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 $2022.$ At the date of the creation of the pool, February $15,2023,$ the fair value of the investments of each pool participant was as follows:

Investments

$12/31/222/15/23$

City of Albertville General Fund $ $890,000$ $ $900,000$

Albertville Schools $4,200,0004,230,000$

Richwood Township $3,890,0003,870,000$

Total $ $8,980,000$ $ $9,000,000$

Required

Prepare the journal entries that should be made by the City of Albertville, Albertville Schools, and Richwood Township on February $15$ to record their participation in the investment pool. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$