User Account

All Pages

Record the transactions in an investment trust fund

Assignment Help Accounting Basics
Reference no: EM131703421

Question: (Journal entries for an Investment Trust Fund) Prepare the journal entries to record the following transactions in an Investment Trust Fund for Seggen County during the calendar year 2013.

1. Turtle Creek and Pineview contributed $60,000 and $40,000, respectively, to an Investment Trust Fund operated by Seggen County during 2013.

2. Investments totaling $75,000 were purchased.

3. Income from the investments during the year totaled $8,000.

4. The fund paid $1,500 to the county for investment management fees.

5. The investments increased in value by $3,000.

6. Income of $10,000 was paid to the two cities, based on the relative amount of their initial investment.

Reference no: EM131703421

Questions Cloud

Define how did you handle the situation : How did you handle the situation? What could you have done differently to empathize with them
Equation based on the information given : Start by defining the unknown quantities in terms of a variable; then write a equation based on the information given.
Correct monthly mortgage payment : They made a down payment of 20%, and amortized the rest over 30 years. If the interest rate is 4.2%, which of the following is their correct monthly mortgage?
Discuss how the contents of the two types of tests differ : Compare the contents of a quality "screening" test and a "reading readiness" test. Discuss how the contents of the two types of tests differ.
Record the transactions in an investment trust fund : (Journal entries for an Investment Trust Fund) Prepare the journal entries to record the following transactions in an Investment Trust Fund for Seggen County.
Write the solution set : Write the solution set. (Simplify your answer completely. If the system is inconsistent, enter INCONSISTENT. If the equations are dependent
Discuss the post employment benefit plans : (Terminology) Define the following terms as they apply to pension plans and other postemployment benefit plans: Defined benefit plan.
Why do groups cooperate more than individual to reduce risks : Why do Groups Cooperate More than Individuals to Reduce Risks? Give a clear choice of either individual or group decision making in the answer to the question.
Distance between the cars increasing two hours later : How fast is the distance between the cars increasing two hours later?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd