Question: On March 1 , 2 0 X 1 , Rowe established a $ 1 0 0 , 0 0 0 endowment fund, the income from

On March

1, 20

1,

Rowe established a $

100, 000

endowment fund, the income from which is to be paid to Central Hospital for general operating purposes. Central does not control the fund

s principal. The donor appointed Sycamore National Bank as trustee of this fund. What journal entry is required by Central to record the establishment of the endowment?

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