FREE Trial

A city used an Enterprise Fund to provide electricity services to the General Fund and its citizens.

Question:

A city used an Enterprise Fund to provide electricity services to the General Fund and its citizens. A total of $ 50,000 was billed to the General Fund and collected 30 days later. Prepare the journal entries necessary to record these transactions, and label the fund( s) used.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 61% (18 reviews)

EF Due from General Fund 50000 Revenues x charges for services 5...View the full answer


answer-question-section
Answered By
tutor-profile-image
Ggopisubraibprh
So as i'm enjoying maths, I scored 94 percentile in 10th,99 percentile in 11th&12th,70 percentile in advanced level. I will help you in the areas of statistics and probability, algebra, calculus. Earlier, i worked As chegg expert for 3 years i'm just here to help you to score more. Thank you.
0.00 0 Reviews 10+ Question Solved
Related Book For  book-img-for-question
Introduction to Governmental and Not for Profit Accounting

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

See More Books
Question Posted:
See More Questions

Students also viewed these Accounting questions

Economic Development And The Search For Equity Capital A Final Report Of The Economic Affairs Interim Committee For The 2003 04 Interim 1st Edition - ISBN: B00AJ3S4OW - Free Book