Exercise 18-2

The following transactions take place. Indicate the name of the fund(s) in which each of the transactions or events should be recorded.

(a)

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A commitment was made to transfer general revenues to the entity in charge of providing transportation for all government agencies.

Debt Service Funds

Agency Funds

Enterprise Funds

Internal Service Funds

Special Revenue Funds

General Fund

Investment Trust Funds

Pension and Other Employee Benefit Trust Funds

Permanent Funds

Private-Purpose Trust Funds

Capital Projects Funds

LINK TO TEXT

LINK TO TEXT

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Attempts: 3 of 3 used

(b)

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Construction bonds were issued at a premium. The premium is to be included in funds accumulated to retire the debt.

General Fund

Permanent Funds

Capital Projects Funds

Agency Funds

Investment Trust Funds

Private-Purpose Trust Funds

Pension and Other Employee Benefit Trust Funds

Debt Service Funds

Enterprise Funds

Internal Service Funds

Special Revenue Funds

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

Attempts: 3 of 3 used

(c)

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Police salaries were paid.

Debt Service Funds

Enterprise Funds

General Fund

Pension and Other Employee Benefit Trust Funds

Internal Service Funds

Investment Trust Funds

Special Revenue Funds

Permanent Funds

Private-Purpose Trust Funds

Agency Funds

Capital Projects Funds

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

Attempts: 3 of 3 used

(d)

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Interest and principal were paid on general obligation serial bonds.

Agency Funds

Capital Projects Funds

Debt Service Funds

Private-Purpose Trust Funds

Enterprise Funds

General Fund

Special Revenue Funds

Internal Service Funds

Investment Trust Funds

Pension and Other Employee Benefit Trust Funds

Permanent Funds

(a) (b) x Your answer is incorrect. Try again. x Your answer is incorrect. Try again. A commitment was made to transfer general revenues to the Construction bonds were issued at a premium. The premium i x Debt Service Funds General Fund Agency Funds Permanent Funds Enterprise Fun Capital Projects Funds O Internal Service Funds Agency Funds O Special Revenue Funds O Investment Trust Funds 0 General Fund 0 Private-Purpose Trust Funds Investment Trust Funds O Pension and Other Employee Benefit Trust Funds O Pension and Other Employee Benefit Trust Funds Debt Service Funds Permanent Funds O Enterprise Funds Private-Purpose Trust Funds O Internal Service Funds O Capital Projects Funds Special Revenue Funds (C) (d) x Your answer is incorrect. Try again. x Your answer is incorrect. Try again. Police salaries were paid. Interest and principal were paid on general obligation serial bonds x Debt Service Funds Agency Funds O Enterprise Funds O Capital Projects Funds O General Fund Debt Service Funds Pension and Other Employee Benefit Trust Funds O Private-Purpose Trust Funds O Internal Service Funds O Enterprise Funds O Investment Trust Funds General Fund 0 Special Revenue Funds O Special Revenue Funds O Permanent Funds Internal Service Funds O Private-Purpose Trust Funds Investment Trust Funds O Agency Funds Pension and Other Employee Benefit Trust Funds Capital Projects Funds Permanent Funds