Question

1. Show the transaction as it would appear on the city’s modified accrual transaction sheet (assume general fund transaction).
2. The city is required to transfer all of the proceeds to its capital projects fund for future building purchases. It only pays $800,000 cash to the capital projects fund. Show transactions for both the general fund and capital projects fund.
3. If the city had made a loan repayment of $100,000 ($75,000 interest, $25,000 principal), their expenditure for that transaction would have been.
1............$100,000
2............$50,000
3............$150,000



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  • CreatedSeptember 19, 2013
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