Question: For a golf course operating as a propriety fund classify each of the following transactions according to these descriptions: A . Operating Revenue B .

For a golf course operating as a propriety fund classify each of the following transactions according to these descriptions:
A. Operating Revenue
B. Non-operating Revenue
C. Transfers In
D. Other Additions and Deductions
E. None of the above answers is correct. The transaction does not affect the Statement of Revenues, Expenses, & Changes in Net Assets
Billing to customers for services
Answer 1 Question 2
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Money received from General Fund for club house renovations
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Loan from a special revenue fund
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Interest income on fund investments
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Grant from state for kitchen equipment
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Gain on the sale of investments
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Billing from GF for Contribution/Payments in Lieu of Taxes
Answer 7 Question 2
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Golf Course fund bills the general fund for reimbursement for extra security guard payroll costs incurred by GCF when hosting 4th of July fireworks display at the citys request

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