57-27 LO 2 MO (Journal entries for an Internal Service Fund) The following transactions occurred regarding the Central Purchasing Pund, an Internal Service Fund. Record the entries for the transactions, and identify the fund(s) used. 1. The General Fund transferred $100,000 as a capital contribution to establish the fund. 2. The Central Purchasing Fund bills $200,000 for services it provided to other funds. 7-35 Chapter 7 Proprietary Type Funds --Emorriso and Internal Service Funds 3. The Central Purchasing Fund incurred depreciation expense of $50,000 and paid $250,000 in opera ing expenses. 4. The General Fund subsidized the operations of the Purchasing Fund by transferring an additional $100.000 to the fund