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Question 1 0 : Required: Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements
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Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for governmentwide financial statements.
A new truck for the sanitation department was ordered at a cost of $
The city print shop did $ worth of work for the school system but has not yet been paid
An $ million bond was issued at face value to build a new road.
The city transfers cash of $ from its general fund to provide permanent financing for a municipal swimming pool that will be maintained as an enterprise fund.
The truck ordered in a is received but at an actual cost of $ Payment is not made at this time.
The city transfers cash of $ from its general fund to a capital projects fund.
The city receives a state grant of $ that must be spent to promote recycling by the citizens.
The first $ of the state grant received in g is expended as intended.
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