4. The City of Jenkins operates a central motor pool as an internal service fund for the benefit of the citys other funds and departments. In 2011, this fund billed the Community Services Department $30,000 for vehicle rentals. What account should the internal service fund use to record these billings?

a. Interfund Transfers In.

b. Interfund Exchanges.

c. Billings to Departments.

d. Cost of Providing Rentals to Other Funds and Units.

5. Which of the following events would generally be classified as nonoperating on an enterprise funds statement of revenues, expenses, and changes in net assets?

a. Billing other funds of the same government for services.

b. Loss on the sale of a piece of equipment.

c. Depreciation expense.

d. Administrative expense.