Business, 14.11.2019 03:31, emoreader3122
When a cash and investment pool of a certain city was established, the debt service fund transferred investments to the pool having a cost of $3,000,000 but a current fair market value of $3,100,000. to record this transaction, the journal entry made by the debt service fund will include: a. a debit to equity in pooled cash and investments in the amount of $3,000,000.b. a credit to revenues—change in fair value of investments in the amount of $100,000.c. a debit to investments in the amount of $3,000,000.d. a credit to investments in the amount of $3,100,000.
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