Can someone please help me with 4-23. Im just not sure on this
acco entries have been made 2017. tional information follows: The General unt had a credit balance of $96,900 as of December 31, 2016; no in the Fund Balance-Unassigned account during Fund Fund Balancea Required a. Record the e preceding transactions in general journal form for fiscal 1 in both the General Fund and governmental activities general year 201 journals re a budgetary comparison schedule for the General Fund of the City of vergreen for the fiscal year ending December 31, 2017, as shown in IlIlustra- not prepare a government-wide statement of activities since b. Prepa tion 4-5. Do other governmental funds would affect that statement 4-23 Interf und and Interactivity Transactions. The following transactions affected various funds and activities of the Town of Big Springs Department, a governmental activity accounted for within the Gen- eral Fund, purchased $100,000 of water from the Water Utility Fund, an enterprise fund. 2. The General Fund made a long-term loan in the amount of $50,000 to the Central Stores Fund, an internal service fund that services town departments The General Fund paid its annual contribution of $100,000 to the debt service fund for interest and principal on general obligation bonds due during 3. the year. 4. The $5.000 balance in the capital projects fund at the completion of construc- 5. A special revenue fund was awarded a $250.000 reimbursement grant. The tion of a new Town Hall was transferred to the General Fund. General Fund advances $50,000 to the special revenue fund to cover initial costs associated with the grant's purpose. Required a. Make the required journal entries in the general journal of the General Fund and any other fund(s) affected by the interfund transactions described. Also make entries in the governmental activities journal for any transac- tion(s) affecting a governmental fund. Do not make entries in the subsidiary ledgers b. Why is it unnecessary to make entries in a business-type activities journal for any transaction(s) affecting enterprise funds