A capital call totaling $750,000 was issued (notice sent) on 6/1/21 with a due date (effective date) of 6/09/21

What is the GL entry, if any, on6/1/21? -

Of the total capital call $750,000 issued on 6/1/21 and due date 6/9/21 - $100,000 was paid early on 6/7/21 by investors and received by the Fund.

What is the GL entry for the $100,000 early capital call payment on6/7/21?

On6/9/21, due/effective capital call date, only $200,000 was received which isin addition to the $100,000 early payment received on 6/7/21.

What are the GL entries on 6/9/21 to account for a) the early payment of $100,000 recorded on 6/7/21; b) $200,000 payment received and c) outstanding/"late" payments not received on 6/9 (effective/due date)

On6/12/21, outstanding capital call payments were received by Fund I. What is the GL entry on 6/12/21 for the late payments receivedwhich were recorded on 6/9/21?

Answer rating: 100% (QA)

To answer your question lets break down the GL entries for each transaction date GL Entry on 6121 Ca... View the full answer