How to Report each Transaction

Analyze the effects of the following transactions on the accounting equations of the district's numerous fund and nonfunded accounts. (Include any required year-end interest accruals in your answers.)

Indicate how each transaction should be reported in the operating statement for each affected fund. Identify both the fund and the operating statement

• During the 20X6 fiscal year, instructors and other instructional personnel were paid a total of $67,000,000. During the fiscal year, salaries payable rose by $1,240,000.