Question: For each general fund transaction listed in items 1 through 1 2 , select the appropriate recording for the at all. transactions listed. The items

For each general fund transaction listed in items 1 through 12, select the appropriate recording for the at all. transactions listed. The items listed "Recording of Transactions" may be used once, more than once, or not Transactions Recording of Transactions 1. Made an interfund transfer out to the capital projects fund. 2. Issued approved purchase orders for supplies 3Received the above-mentioned supplies whose invoices were approved. 4. Incurred salaries and wages. 5. Transferred cash to establish an internal service fund. 6. Sent tax bills to property owners after city council passed the property tax levy. 7. Collected property taxes for the current year 8. Recorded appropriations upon adoption of the budget. 9. Recorded estimated revenues upon adoption of the budget 10. Recorded excess of estimated inflows over estimated outflows. 11. Received invoices for computer equipment. 2 Received billing from water and sewer fund (enterprise fund) for using city water and sewer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!