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Required information Exercise 8-21 (Algo) Investment Trust Fund [LO 8-3] The following information applles to the questions displayed below] 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 2022. At the date of the creation of the pool. February 15, 2023, the fair value of the investments of each pool participant was as follows: Exercise 8-21 (Algo) Part a 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 fleld. Do not round intermediate calculations. Round your answers to the nearest whole dollat amount.) c. Record the June 15 increase in each of the participant's funds. On June 15, Richwood Township decided to withdraw 53,015,000 for a capital projects payment. At the date of the withdrawal, the fair value of the Treasury notes had increased by $30,500 Assume that the trust fund was able to redeem the CDs necessary to complete the withdrawal without a penaity but did not recelve interest on the funds. (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.) d. On June 15. Richwood Township decided to witidraw $3,015,000 for a capital projects payment. At the date of the withdrawal, the fair value of the Treasury notes had increased by $30,500. Assume that the trust fund was able to redeem the CDs necessary to complete the withdrawal without a penalty but did not recelve interest on the funds: On September 15 , interest on Treasury notes in the amount of $51,000 was collected Interest on CDs accrued at year-end amounted to $29,000 At the end of the year, undistributed earnings were allocated to the investment pool participants. Assume that there were no additional changes in the faif value of investments after the Richwood Township withdrawal. Round the amount of the distribution to each fund or participant to the nearest dollar. Record the change in each participant's Equity in Pooled Investment account ciue to the September 15 treasury interest and December 31 CD Interest accrual. (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 doliar amount.) Required information Exercise 8-21 (Algo) Investment Trust Fund [LO 8-3] The following information applles to the questions displayed below] 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 2022. At the date of the creation of the pool. February 15, 2023, the fair value of the investments of each pool participant was as follows: Exercise 8-21 (Algo) Part a 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 fleld. Do not round intermediate calculations. Round your answers to the nearest whole dollat amount.) c. Record the June 15 increase in each of the participant's funds. On June 15, Richwood Township decided to withdraw 53,015,000 for a capital projects payment. At the date of the withdrawal, the fair value of the Treasury notes had increased by $30,500 Assume that the trust fund was able to redeem the CDs necessary to complete the withdrawal without a penaity but did not recelve interest on the funds. (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.) d. On June 15. Richwood Township decided to witidraw $3,015,000 for a capital projects payment. At the date of the withdrawal, the fair value of the Treasury notes had increased by $30,500. Assume that the trust fund was able to redeem the CDs necessary to complete the withdrawal without a penalty but did not recelve interest on the funds: On September 15 , interest on Treasury notes in the amount of $51,000 was collected Interest on CDs accrued at year-end amounted to $29,000 At the end of the year, undistributed earnings were allocated to the investment pool participants. Assume that there were no additional changes in the faif value of investments after the Richwood Township withdrawal. Round the amount of the distribution to each fund or participant to the nearest dollar. Record the change in each participant's Equity in Pooled Investment account ciue to the September 15 treasury interest and December 31 CD Interest accrual. (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 doliar amount.)

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