Golden City was organized on January 1, 2006, and adopted the following accounting procedures for its General Fund:

2/15/11 GF borrowed $60,000 at 7% interest, a short term from the Enterprise Fund.

3/1/11 Issued purchase order to Ford Motor Company for police car $6,000 and fire engine $7,000' estimated delivery date is 11/1/11

3/20/11 GF received bill authorized payment, and paid attorney fees of $600, $150 of which is the responsibility of the capital projects Fund. GF billed the capital projects Fund for its $150 share (3)