subject
Business, 21.11.2019 07:31 JamesLachoneus

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

required :

a. 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.)
b. prepare the journal entries to be made in the accounts of the investment pool trust fund to record the following transactions for the first year of operations: (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:50
Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:
Answers: 2
question
Business, 22.06.2019 23:10
Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?
Answers: 2
question
Business, 23.06.2019 02:30
Consider the following condensed financial statements of money freedom comma inc. the company's target rate of return is 30%: (click the icon to view the comparative balance sheet.) (click the icon to view the income statement.) requirements 1. calculate the company's roi. round all of your answers to four decimal places. 2. calculate the company's profit margin ratio. interpret your results. 3. calculate the company's asset turnover ratio. interpret your results. 4. use the expanded roi formula to confirm your results from requirement 1. interpret your results. 5. calculate the company's ri. interpret your results. requirement 1. calculate the company's roi. round all of your answers to four decimal places. begin by selecting the formula to calculate return on investment (roi), and then enter the amounts to calculate the company's roi. (round your calculations to four decimal places and enter your answer as a percent, x.xx%)
Answers: 1
question
Business, 23.06.2019 13:30
Amarginally attached worker is a person who is not happy with his or her job. someone who works part-time more than 25 hours per week but wants full-time work. someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. another name for an unemployed worker.
Answers: 2
You know the right answer?
The albertville city council decided to pool the investments of its general fund with albertville sc...
Questions
question
Biology, 13.01.2020 02:31
question
Mathematics, 13.01.2020 02:31