The accounting entries that are listed below correspond to the numbers on the worksheet.

1) To record a purchase, make the following cash book entry:           

Debit: Pooled Fund (use appropriate ledger)
         Credit: Cash

2) To record income as a result of investment income, realized or unrealized gains make the following journal entry:

           Debit: Pooled Fund (use appropriate ledger)
                     Credit: Investment Income (ledger 4821)
                     Credit: Realized Gain (ledger 4884)

Credit: Unrealized Gain (ledger 4886)

If there are operating losses, realized or unrealized losses make the following journal entry:
          Debit: Investment Income (ledger 4821)
          Debit: Realized Loss (ledger 4885)
          Debit: Unrealized Loss (ledger 4887)
                    Credit: Pooled Fund (use appropriate ledger)

3) To record management fees* paid from the fund make the following journal entry:
          Debit: Management Fees (Ledger 5304)
                    Credit: Pooled Fund (use appropriate ledger)

4) To record a sale (in the amount of cash distributed to the system) make the following cash book entry:
          Debit: Cash
                    Credit: Pooled Fund (use appropriate ledger)

5) To record a stock distribution (in the amount of the market value assigned to the stock distributed) make the following journal entry:
          Debit: Equities (ledger 1170)
                    Credit: Pooled Fund (use appropriate ledger)