Business, 07.10.2021 02:20 haleylayne74

g The Investment Trust Fund for Watson County had the following transactions and events during the calendar year 2022: 1. The cities of Turtle Creek and Pineview contributed $150,000 and $100,000 respectively, to an Investment Trust Fund operated by Watson County. 2. Investments totaling $187,500 were purchased. 3. Interest income from the investments during the year totaled $20,000. 4. The fund paid $3,750 to the county for investment management fees. 5. The investments increased in value by $7,500. 6. Total income of $25,000 was paid to the two cities. Prepare journal entries to record the transactions and events above for the Investment Trust Fund.

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g The Investment Trust Fund for Watson County had the following transactions and events during the c...

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