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    roxie2332's Avatar
    roxie2332 Posts: 2, Reputation: 1
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    #1

    Jul 25, 2012, 07:24 PM
    How do you journalize transactions for a county
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    Jul 26, 2012, 04:01 PM
    Obviously they will have a fund designated for the scholarships and this represents income to that fund
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