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View Full Version : How do you journalize transactions for a county


roxie2332
Jul 25, 2012, 07:24 PM
Recognized $60,000 of cash dividends on investments dedicated to scholarships for needy county residents. How do you journalize this and what fund does it go into.

paraclete
Jul 26, 2012, 04:01 PM
Obviously they will have a fund designated for the scholarships and this represents income to that fund