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:

1. 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. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

City of Albertville General Fund Albertville Schools Richwood Township Total Investments 12/31/19 2/15/20 $ 898,500 $ 942,500 4,217,000 4,429,750 4,060,000 4,052,750 $9,175,500 $9,425,000 Fund Transaction General Journal Debit Credit 1. 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. 1 City of Albertville General Fund Equity in Pooled Investments Investments RevenuesChange in Fair Value of Investments Albertville Schools Equity in Pooled Investments Investments RevenuesChange in Fair Value of Investments Richwood Township Equity in Pooled Investments RevenuesChange in Fair Value of Investments Investments