Exercise $1-9($Static$)$

Required:

For each of the items below, identify which fund$($s$)$ would be used to account for the item.

a$.$ a city government issued general obligation bonds to finance the construction of a new jail

b$.$ a city government collects a tax of $$1\mathrm{.}00$ per residenttial phone number from the phone company. this amount is required by the state law to be used to operate the $911$ emergency phone system.

c$.$ a county government expended $$1$million to expand the water treatment plant

d$.$ a donor signed a trust agreement and provided investments totaling $$4$ million to create an endowment, the earnings of which will be used to provide scholarships.

e$.$ a donor provided $$50,000$ to purchase newspaper and magazine subscriptions for the public library. there is no requirement that the original principal may not be spent.

f$.$ a city government sold surplus street maintenance trucks for $$10,000$

g$.$ a city government contributed $$500,000$ to a pension truck administered by the city for its teachers, public safety employees, and water department employees.