As of january 1 2013 the baber school district notifies the, Ask an Expert

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As of January 1, 2013, the Baber School District notifies the pool it needs to withdraw $1,000,000 cash from the pool, so the pool management sells investments to obtain $700,000 cash. The investments sold had been carried in the Investment Trust Fund accounts at July 1, 2012, fair value of $672,000.
(a) Show the entry for the sale of investments by the pool on January 2, 2013.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9444999

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