A citizen group raised funds to establish an endowment for the Eastville City Library. Under the...

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Journal entries
Particulars	Debit	credit
Revenue addition to permanent endowment	$ 5,11,500.00
revenue investment income	$ 49,500.00
revenue increase in fair value of investment	$ 8,500.00
Expenditure - subscription		$ 40,500.00
Fund balance		$ 5,29,000.00

Statement of revenue , expenditure and changes in fund balance
Particulars	Amount
Revenue
addition to permanent endownment	$ 5,11,500.00
investment income	$ 49,500.00
increase in fair value of investment	$ 8,500.00
total revenue	$ 5,69,500.00
expenditure
library subscription	$ -40,500.00
net change in fund balance	$ 5,29,000.00
Beginning fund balance	$ -
ending fund bnalance	$ 5,29,000.00

Balance sheet
assets	amount
cash	$ 9,000.00
investments	$ 5,20,000.00
accrued interest receivable	$ 2,250.00
total assets	$ 5,31,250.00
laibilities & fund balance
laibilities
accounts payable	$ 2,250.00
fund balance
non spendable permanent fund principal	$ 5,11,500.00
assigned to library (529000-511500)	$ 17,500.00
total fund balance	$ 5,29,000.00
total laibilities & fund balance	$ 5,31,250.00

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Trial Balance—December 31, 2017	Debits		Credits
Cash	$	9,000
Investments		520,000
Additions to permanent endowments			$	511,500
Investment income				49,500
Expenditures—subscriptions		40,500
Intergovernmental grant
Net increase in fair value of investments				8,500
Accrued interest receivable		2,250
Accounts payable				2,250
	$	571,750	$	571,750

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