Answer questions 1 & 2A through 2E completely

Answer question F to

Questions 1. Distinguish between Public sector and private sector organizations under four separare headings. (10 Points) 2. For each of the following items given below, identify which fund(s) would be used in accounting for the item. Provide short justification for your answer. a. New Orleans Parish issued general obligation bonds to finance the construction of CORONA VIRUS Quarantine Center. b. Jefferson Parish agree to collect $1.00 fee for all motor vehicles registered in its territory by residents of Orleans Parish. c. A donor signed an agreement with Gretna Local Government for $5 million donation which is for Scholarships for needy children. Only the interest on the $5 will be used for the scholarship. d. Jefferson Parish sold surplus equipment worth $200,000 to the public. e. General Fund was authorized to make available $2 million to establish a car pool.(10 points) F. Example of your answer should like this: Jefferson Parish contributed $ 3 million to employees pension fund. Fund Type: Trust FUND because the receiving company is holding and operating the Pension Fund on trust