During 20X8, the following transfers and transactions between funds took place in the city of Matthew 1. A transfer of \(\$ 12.000\) was made on March 1 from the general fund to establish a building maintenance internal service fund. Matthew uses transfer accounts to account for this type of transfer.

2. On April 1, the general fund made an \(\$ 8,000\) six-month loan to the building maintenance service fund.

3. On April 15, \(\$ 2,400\) was transferred from the general fund to the debt service fund to pay interest.

4. On May 5, the Matthew transportation service fund billed the general fund \(\$ 825\), for April services.

\section*{Required}

a. Prepare journal entries for the general fund and the other fund involved that should be recorded at the time of each transfer or transaction.

b. For each transfer or transaction, prepare the appropriate closing entries for the general fund and the other fund for the year ended June 30, 20X8.