Question: 1) Please do journal entries for affected funds. 2) Indicate how the transaction impact Fund Balance or Net Position. Please be specific. When indicate the
| 1) Please do journal entries for affected funds. | |||||||
| 2) Indicate how the transaction impact Fund Balance or Net Position. Please be specific. When indicate the impact, please point out exactly which category it impacted. Such as FB-SPENDABLE-unassigned, or assigned, or committed, or restricted. Or FB-NONSPENDABLE. For net position, it would be restricted, unrestricted, or investment in capital asset. | |||||||
| 3)For governmental wide level, you also need to indicate which activity it affects (business activity or governmental activity). | |||||||
| Fund-based | Govermental-based | ||||||
| 1. | On January 1, 2002, the city established a supplies fund by transferring $250,000 to the fund. On this amount, $100,000 represents | ||||||
| a short-term loan. | |||||||
| GF | |||||||
| GF: FB-Spendable-Unassigned ?150,000 | No impact | ||||||
| I provided the equity impact for this one as an example. | |||||||
| ISF | GT | ||||||
| ISF: | |||||||
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