The City of Namtip received a donation from the estate of the late Chris Smith to be used to support the Namtip Public Library, a department within the City of Namtip. The gift consisted of $200,000 cash and a portfolio of securities with a cost of $250,000, a market value of $290,000 at the date of death, and a market value of $300,000 at the date of the gift. The donor stipulated that the principal of the gift, including investment gains (realized and unrealized) but excluding investment losses, must be kept intact. The income must be used to acquire books for the Namtip Public Library, a department within the City of Namtip. All appropriate costs, including investment losses, may be charged against the revenues yearly to determine the amount available for the specified purposes.

Place the number (1 10) of the fund/nonfund (on the City of Namtips Chart of Accounts) in which the transaction would be recorded and then on the next line start the entry. If no entry is required, write NO ENTRY REQUIRED. Where possible, use a compound entry instead of separate entries. Leave a blank line between each journal entry.

A. The city accepted the donation from the estate.

B. Received dividends of $15,000 and interest of $18,000 on the investments.

C. Transferred $30,000 cash to the General Fund.

D. Purchased additional securities for $200,000 cash.

E. The library purchased $27,000 of books paying cash from the earnings of the donation.