During 20X8, the following transfers and transactions between funds took place in the City of Matthew.

1. On March 1, a $12,600 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 $12,700, six-month loan to the building maintenance service fund.
3. On April 15, $2,460 was transferred from the general fund to the debt service fund to pay interest.
4. On May 5, Matthews transportation service fund billed the general fund $880 for April 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.

Journal entry worksheet Record the loan from the General Fund to the Building Maintenance Service Fund. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 > Record the closing entry for the loan from the General Fund to the Building Maintenance Service Fund. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30 Record entry Clear entry View general journal Journal entry worksheet Record the billing of transportation services. Note: Enter debits before credits. General Journal Debit Credit Date May 05 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 > Record the payment of transportation services. Note: Enter debits before credits. Date General Journal Debit Credit May 05 Record entry Clear entry View general journal Journal entry worksheet