Question
For each general fund transaction in item 1 through 12, select its appropriate recording next to letters A through O. A letter may be selected
For each general fund transaction in item 1 through 12, select its appropriate recording next to letters A through O. A letter may be selected once, more than once, or not at all.
Transactions Recording of Transactons
1. Made an interfund transfer out to the capital projects fund. A. Credit Revenue
2. Issued approved purchase orders for supplies. B. Debit Expenditures
3. Received the above-mentioned supplies whose invoices were approved. C. Debit Encumbrances
4. Incurred salaries and wages. E. Debit interfund Service Provide and Used
5. Transferred cash to establish an internal service fund. F. Credit Budgetary Fund Balance-Unassighned
6. Sent tax bills to property owners after city council passed the property tax levy. G.Debit Appropriations Control
7. Collected property taxes for the current year. H. Credit Property Taxes Receivable-Current
8. Recorded appropriations upon adoption of the budget. I. Credit Appropriations Control
9. Recorded estimated revenues upon adoption of the budget. J. Credit Residual Equity Transfer Out
10. Recorded exces of estimated inflows over estimated outflows K. Debit Interfund Transfer Out
11. Received invoices for computer equipment. L. Credit Interfund Transfer Out
12. Received billing from water and sewer fund (eterprise fund) for using city water and sewer. M. Debit Estimated Revenues Control
N. Debit Budgetary Fund Balance - Unassigned
O. Debit Computer Equipment
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