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5 - 9 The manner in which a transfer is accounted for depends on its nature. Prepare general fund journal entries to record the following

5-9
The manner in which a transfer is accounted for depends on its nature.
Prepare general fund journal entries to record the following cash transfers that a city made from its general fund to other funds. Be sure your entry reflects the nature of the transfer.
$4,000,000 to provide start-up capital to a newly established internal service fund that will account for the city's data processing activities
$50,000 to pay for data processing services provided by the data processing internal service fund
$38,000 to reimburse the capital projects fund for equipment rental costs that it incurred on behalf of activities accounted for in the general fund
$300,000 to pay the electric utility fund for four months of electric service
$600,000 to enable the debt service fund to make timely payments of principal and interest on outstanding general obligation debt
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