During 208, the following transfers and transactions between funds took place in the City of Matthew. 1. On March 1, a $13,900 transfer was made from the general fund to establish a building maintenance internal service fund. Matthew uses transfer accounts for this type of transfer. 2. On April 1, the general fund made an $7,400, six-month loan to the building maintenance service fund. 3. On April 15, \$2,420 was transferred from the general fund to the debt service fund to pay interest. 4. On May 5, Matthew's transportation service fund billed the general fund $875 for Aprii services. Required: a. Prepare journal entries and appropriate closing entries for the general fund involved that should be recorded at the time of each transfer or transaction. b. Prepare journal entries and appropriate closing entries for the other fund involved that should be recorded at the time of each transfer or transaction. Complete this question by entering your answers in the tabs below. Prepare journal entries and appropriate closing entries for the general fund involved that should be recorded at the time of each transfe or transaction. or transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transactlon list Vlew journal entry worksheet Prepare journal entries and appropriate closing entries for the other fund involved that should be recorded at the time of each transfer Note: Select the appropriate fund for each situation. If no entry is required for a transaction/event, select "No journal entry required" in I appropriate closing entries for the other fund involved that should be recorded at the time of each transfer or transaction. ee fund for each situation. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 3. On April 15, \$2,420 was transferred from the general fund to the debt service fund to pay interest. Check my work 1 Debt Service Fund \begin{tabular}{l} Record the transfer from the General Fund to the Debt Service Fund. \\ \begin{tabular}{l} Cash \\ \hline Other financing sourcos - transfer in from general fund \\ \hline \end{tabular} \\ \hline Record the clasing entry for transfer from the General Fund to the Debt Service Fund. \\ \hline \end{tabular} 5 4. On May ferred from the general fund to the debt service fund to pay interest. isportation service fund billed the general fund $875 for April services. \begin{tabular}{|l|l|} \hline Fund & Record the transportation services. \\ \hline Revenue from billings \\ \hline Record the receipt of transportation services: \\ \hline Cash & Record the entry to close the nominal account. \\ \hline 875 \\ \hline 875 \\ \hline \end{tabular} Required A
