Question: PLEASE TYPE THE JOURNAL ENTRY OR ADJUSTING ENTRY FOR EACH SCENARIO. YOU ARE PREPARING THE GENERAL FUND ENTRY ONLY. During the year, $1,000 was disbursed
PLEASE TYPE THE JOURNAL ENTRY OR ADJUSTING ENTRY FOR EACH SCENARIO. YOU ARE PREPARING THE GENERAL FUND ENTRY ONLY.
- During the year, $1,000 was disbursed from the General fund to Capital Projects Fund to make up for a cost overrun in the Capital Project Fund.
- During the year, the General Fund received $7,000 from the Internal Service Fund as a result of discontinuing the Internal Service Fund.
- During the year, the General Fund received $4,000 from a Special Revenue Fund. This amount was to be applied to the Special Revenue Fund's share of costs incurred and paid for (and debited to expenditures) by the General Fund in this current year.
- The General Fund paid directly to Bondholders principle of $10,000 and interest of $2,000 during the current year.
- Data processing equipment was sold for $5,000. (This equipment was used in the main city office.)
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