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A) During the fiscal year, the General Fund for the town of Sperryville purchased $650,000 of legal services from the town's Legal Proprietary Fund, but

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A) During the fiscal year, the General Fund for the town of Sperryville purchased $650,000 of legal services from the town's Legal Proprietary Fund, but has only transferred half of the amount to the proprietary fund for payment. Show the effect of the transaction on the General Fund. General Fund Assets Liabilities Fund Balance B) Which of the Legal Proprietary Fund's accounts IS NOT affected by the transaction? 1. Cash 2. Accounts Receivable 3. Accounts Payable 4. Fund Balance [Select one. Enter 1, 2, 3, or 4]

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