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Do the journal entries and state what fund type it is. The city collected $3million of tax on behalf of the county in which it
Do the journal entries and state what fund type it is.
- The city collected $3million of tax on behalf of the county in which it is located
- The city spent $2million during the year on city streets using the proceeds of city gas tax dedicated to roads and highway improvements.
- The city paid its police forces $3.5million
- The city had an interest of $150,000 at the end of the year due on the long term bond that was financed for constructing its new city hall.
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