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Capital Projects Fund Assets X Liabilities Fund Balance Y Tompkins City's Capital Projects Fund repaid $250,000 of the $350,000 that it owed to the General
Capital Projects Fund Assets X Liabilities Fund Balance Y Tompkins City's Capital Projects Fund repaid $250,000 of the $350,000 that it owed to the General Fund (from borrowing in previous fiscal years). C) Show the effect of the transaction on the Capital Projects Fund by providing the values for assets, liabilities, and fund balance. Ay= A/ 2- D) Which of the General Fund's accounts IS affected by the transaction? 1. Accounts Receivable 2. Due from Capital Projects Fund 3. Fund Balance 4. Notes Receivable Acceptable answers are "1", "2", "3", or "4
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