Share Zoom Insert Table Chart Text Shape Media Comment 24. (15 points) The Motor Vehicle Repair Fund of Laramee County provides centralized repair for county-owned vehicles. They also have a Utility Fund which provides water and sewer to all funds of the government. Prepare journal entries for the following activity for the year ended June 30. a) The Motor Vehicle Repair Fund (an Internal Service Fund) purchased supplies for cash of $91,400. ISF b) The Motor Vehicle Repair Fund billed the General Fund for repairs to a police car used by the General Fund. The supplies cost $800 and were billed to General Fund at a markup of 20 percent over cost. ISF C) The Enterprise Fund billed the General Fund $1.000 and billed the Internal Service Fund $500 for Water & Sewer services provided. In addition. The Enterprise Fund billed external customers $75,000. d) The General Fund paid the internal Service fund for the repairs billed in transaction b) above. The Enterprise Fund billed the General Fund $1,000 and billed the Internal Service Fund $50 Water & Sewer services provided. In addition. The Enterprise Fund billed external custome 5,000 d) The General Fund paid the Internal Service fund for the repairs billed in transaction b) above. Jonathan Mitchell - Spring 2020 Share Zoom Insert Table Chart Text Shape Media Comment 24. (15 points) The Motor Vehicle Repair Fund of Laramee County provides centralized repair for county-owned vehicles. They also have a Utility Fund which provides water and sewer to all funds of the government. Prepare journal entries for the following activity for the year ended June 30. a) The Motor Vehicle Repair Fund (an Internal Service Fund) purchased supplies for cash of $91,400. ISF b) The Motor Vehicle Repair Fund billed the General Fund for repairs to a police car used by the General Fund. The supplies cost $800 and were billed to General Fund at a markup of 20 percent over cost. ISF C) The Enterprise Fund billed the General Fund $1.000 and billed the Internal Service Fund $500 for Water & Sewer services provided. In addition. The Enterprise Fund billed external customers $75,000. d) The General Fund paid the internal Service fund for the repairs billed in transaction b) above. The Enterprise Fund billed the General Fund $1,000 and billed the Internal Service Fund $50 Water & Sewer services provided. In addition. The Enterprise Fund billed external custome 5,000 d) The General Fund paid the Internal Service fund for the repairs billed in transaction b) above. Jonathan Mitchell - Spring 2020