How do you journalize investment income in governmental accounting?
Investments totaling $ 14,600,000 were redeemed, together with additional investment income of $ 1,400,000.
I need to know how to make journal entries and post to a trial balance.
This is for governmental accounting.
Investment best answer:
Answer by smahadevan39
DR Bank 16,000,000
CR Investment Banking 14,600,000
CR Investment income 1,400,000
Investment
INVESTMENT setting
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