Senior Wellness Center is a voluntary health and welfare organization devoted to health education for the elderly.It has investments in its Restricted Fund, its Plant Fund, and its Endowment Fund.There are no restrictions on investment income or gains and losses in the endowment fund.On January 2, the organization decided to pool the investments of the three funds, and thereafter to maintain all investment account balances at market value.
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a.On January 2, when investments were pooled, the following data applied:
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b.On March 31, the end of the first quarter, the pool reports sales of investments carried at $70,000 for $90,000.Realized gains and other realized income are allocated to funds upon realization.Percentages of equity may be rounded to the nearest tenth of one percent.Total cash and market value of pooled investments on March 31 is $275,000.?
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c.The second-quarter report as of June 30 shows sales of investments for $90,000 which were carried at $100,000.Total cash and market value of pooled investments on June 30 is $260,000.?
Required:
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Prepare a schedule of equities in pooled investments for the three funds at the end of the first two quarters.?

Question

Senior Wellness Center is a voluntary health and welfare organization devoted to health education for the elderly.It has investments in its Restricted Fund, its Plant Fund, and its Endowment Fund.There are no restrictions on investment income or gains and losses in the endowment fund.On January 2, the organization decided to pool the investments of the three funds, and thereafter to maintain all investment account balances at market value.
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a.On January 2, when investments were pooled, the following data applied:
?
?
?  
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b.On March 31, the end of the first quarter, the pool reports sales of investments carried at $70,000 for $90,000.Realized gains and other realized income are allocated to funds upon realization.Percentages of equity may be rounded to the nearest tenth of one percent.Total cash and market value of pooled investments on March 31 is $275,000.?
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c.The second-quarter report as of June 30 shows sales of investments for $90,000 which were carried at $100,000.Total cash and market value of pooled investments on June 30 is $260,000.?
Required:
?
Prepare a schedule of equities in pooled investments for the three funds at the end of the first two quarters.?

Quizplus · Accepted Answer

The Answer of Senior Wellness Center is a voluntary health and welfare organization devoted to health education for the elderly.It has investments in its Restricted Fund, its Plant Fund, and its Endowment Fund.There are no restrictions on investment income or gains and losses in the endowment fund.On January 2, the organization decided to pool the investments of the three funds, and thereafter to maintain all investment account balances at market value.
?
a.On January 2, when investments were pooled, the following data applied:
?
?
?  
?

b.On March 31, the end of the first quarter, the pool reports sales of investments carried at $70,000 for $90,000.Realized gains and other realized income are allocated to funds upon realization.Percentages of equity may be rounded to the nearest tenth of one percent.Total cash and market value of pooled investments on March 31 is $275,000.?
?
c.The second-quarter report as of June 30 shows sales of investments for $90,000 which were carried at $100,000.Total cash and market value of pooled investments on June 30 is $260,000.?
Required:
?
Prepare a schedule of equities in pooled investments for the three funds at the end of the first two quarters.?

Senior Wellness Center Is a Voluntary Health and Welfare Organization