The following transactions of Beltville College transpired during $2025.$ The funds necessary are the Endowment Fund, the Annuity

$.$ :$\text{'},F=$

$($To trancfer invelment income

to func$)$

$($To rocord interest recelved$)$

$($To rocord trancifer of funds$)$

$($Ta record income$)$

$($To record recrsipt$)$

$($To rocord sale of notres$)$

$$

Fund, the Plant Fund$-$Unexpended, the Plant Fund$-$Investment in Plant, the Loan Fund, the Unrestricted Current Fund, and the

Restricted Current Fund.

January $1$

A gift of $$9,900$ was received from Carl Brown. The principal was to be held intact and the income to be used for any

purpose designated by the governing board.

David Gross donated $$19,800.$ The principal was to be held intact and the income to be used for scholarships for worthy

students.

Roxanne Norton donated $$29,700,$ of which the principal was to remain intact while the interest was to be used for student

loans. All income is to be relent; all losses from loans are to be charged against income.

A gift of $$205,000$ was received from Brian Carr. Semiannual payments of $$10,000$ are to be made to the donor during his

lifetime. On his death the fund is to be used to purchase or construct a students' residence. Mr$.$ Carr has a life expectancy of

five years and investments are expected to earn $8\%$ annually.

Kathy Jackson donated $1,000$ shares of BIM stock, which had a market value of $$180$ per share on that date. All income

received from the shares is to be held intact and the shares cannot be held for more than five years. Once the board sells the

shares, all the proceeds are to be used to build a student hospital.

The assets of the Brown and Gross funds were consolidated into a pooled investment account by the governing board $($in

proportion to the principal accounts$).$ Electric Power Bonds worth $$29,700$ were purchased. The $12\%$ interest was payable

on January $1$ and July $1$

The Norton Fund cash is used to purchase Cravit Company $10\%$ bonds at par for $$29,700.$ January $1$ and July $1$ are the

interest dates.

With the cash from the Carr Fund, $$200,000$ of $8\%$ U$.$S$.$ Treasury notes was purchased at par. The interest dates are January

$1$ and July $1.$

July $1$

The interest was received on all bonds and notes and was transferred to the proper funds. Dividends of $$5,000$ were

received from BIM stock.

The stipulated payment is made to Mr$.$ Carr from the Endowment Fund.

Electric Power Company bonds bought at par value for $$19,800$ are sold at $102.$ The gain is added to the principal.

A $$297$ student loan was made from the Norton Fund.

October $1$

A notice of Brian Carr's death is received. There is no liability to his estate.

The Gross Scholarship Fund awards a $$198$ scholarship.

$$200,000$ par of US$.$ Treasury notes are sold for $$207,000.$

December $31$

Interest on bonds is received.

$$120$ of principal and $$6$ of interest were repaid on the student loan.

A building was purchased for $$250,000$ using the funds available from the Carr gift. The residence hall will have a $20-$year

mortgage payable to account for the balance.