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 2016. At the date of the creation of the pool, February 15, 2017, the fair value of the investments of each pool participant was as follows:

Investments

12/31/16

2/15/17

City of Albertville General Fund

$

893,000

$

915,000

Albertville Schools

4,206,000

4,300,500

Richwood Township

3,950,000

3,934,500

Total

$

9,049,000

$

9,150,000

c.	Record the June 15 increase in each of the participants funds. (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.)

14.

Required information

d.	Record the change in each participants Equity in Pooled Investment account due to the September 15 treasury interest and December 31 CD interest accrual. (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.)

15.

Required information

e.

How will the investment trust fund report the General Funds interest in the investment pool and the Albertville Schools interest in the investment pool?

	Report the school but not the General fund.
	Report the General fund but not the school.
	Report both the school and the General fund.