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
1. Billing to customers for services
2. Money received from General Fund for club house renovations
3. Loan from a special revenue fund
4. Interest income on fund
5. Grant from state for kitchen equipment
6. Gain on the sale of investments
7. Billing from GF for Contribution/Payments in Lieu of taxes
8. 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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