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A city maintains the following fund: 1) general 2) specia revenue 3) capital projects 4) Debt service 5) Enterprise 6) Internal Service 7) Permanent (trust)

A city maintains the following fund:
1) general
2) specia revenue
3) capital projects
4) Debt service
5) Enterprise
6) Internal Service
7) Permanent (trust)
8) Agency
For each of the following transactions, indicate the fund in which each transaction would most likely be recorded:
A) the city collect $3 million of taxes on behalf of the county in which it is located
B)it spend $4MIILION to pave city streets, using the proceeds of a city gasoline tax dedicated for road and highway improvemeant
C) It receives a contribution of $5milion.per the stipulation of the donor, the money is to be invested in marketable securities , and the interest from the securities is to be used to maintain a city park
D) it collects $800,000 in landing fees at the city-owned airport
E) it earns $200,000 on investment set aside to make principal payments on the citys outstanding bonds. The Bonds were issued to finance improvements to the citys tunnels and bridges
F) it pays $4million to a contractor for work on one of these bridges
G) it pays $80,000 in wages and salaries to police officers
H) it purchases. From an outside supplier $40,000 of stationery that it will sell to its various operating departments

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