The following information was abstracted from a note, headed €˜€˜Interfund Transactions,€™€™ to the financial statements of Independence, Missouri.
Interfund Charges for Support Services
Interfund charges for support services (which would otherwise be acquired from outsiders) and rent paid to the General Fund during the fiscal year were as follows:

Rent charges, which consist of leased office space and computer charges, are included in other revenue of the general fund.

Payments in Lieu of Taxes
The payments of $5,161,609, $628,371, and $880,637 in the fiscal year by the power and light, sanitary sewer, and water (enterprise) funds, respectively, to the general fund in lieu of taxes represent franchise taxes and real estate taxes on plants in service. The franchise tax rate, established by city ordinance at 9.08 percent for the year, is applied to gross billed operating revenues less amounts written off to arrive at the franchise tax due the general fund. Real estate taxes are charged at a set amount.

Interfund Operating Transfers
Interfund operating transfers for the fiscal year were as follows:

1. Based on the information provided, prepare four journal entries (for support services, rent, payments in lieu of taxes, and interfund operating transfers) to record the transfers into the general fund. Be sure the account titles you use make clear the nature of the transaction (e.g., revenue, reciprocal transfer, nonreciprocal transfer).
2. Justify any differences in how you classified the interfundtransactions.

Interfund Charges Rent Tourism fund 4,372 Power and light fund28 230,933 Water fund Sanitary sewer fund Central garage fund S1,285,011 522,244 629,442 36,883 34,243 3.411 Transfer to Transfer from General Special revenue Debt service Capital projects Enterprise Internal service Permanent S173,617 944,327 307,772 157,918 3,000 140,604 440,551 9,453 Total operating transfers S1553,621 1,553,621