During 20X8, the following transfers and transactions between funds took place in the City of Matthew. 1. On March 1, a $12,900 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 $13,600, six-month loan to the building maintenance service fund. 3. On April 15, $2,540 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 $885 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X > 1 Record the transfer from the General Fund to the Building Maintenance Fund. 2 Record the closing entry for the transfer from the General Fund to the Building Maintenance Fund. 3 Record the loan from the General Fund to the Building Maintenance Service Fund. Credit 4 Record the closing entry for the loan from the General Fund to the Building Maintenance Service Fund. 5 Record the transfer from the General Fund to Debt Service Fund. 6 Record the closing entry for the transfer from the General Fund to the Debt Service Fund. 7 Record the billing of transportation services. 8 Record the payment of transportation services. 9 Record the closing entry for the expenditures. 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. (Select the appropriate fund for each situation. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Transaction Fund General Journal Debit Credit 1. On March 1, a $12,900 transfer was made from the general fund to establish a building maintenance internal service fund. Matthew uses transfer accounts for this type of transfer. 1 Record the transfer from the General Fund to the Building Maintenance Fund. Record the closing entry for the transfer from the General Fund to the Building Maintenance Fund. 2. On April 1, the general fund made an $13,600, six-month loan to the building maintenance service fund. 2 Record the loan from the General Fund to the Building Maintenance Service Fund. 3. On April 15, $2,540 was transferred from the general fund to the debt service fund to pay interest. 3 Record the transfer from the General Fund to the Debt Service Fund. Record the closing entry for transfer from the General Fund to the Debt Service Fund. 4. On May 5, Matthew's transportation service fund billed the general fund $885 for April services. 4 Record the transportation services. Record the receipt of transportation services. Record the entry to close the nominal account