Tuesday, March 4, 2014

How do you journalize investment income in governmental accounting? and Save Darfur protest at Franklin Templeton Investments

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

Save Darfur protest at Franklin Templeton Investments
Investment

Image by Steve Rhodes
Part of a national day of action on October 15th calling for divestment


www.divestfordarfur.org

www.savedarfur.org



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