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I need the journal entry for this. 16. [4-a-16] In December 2014, the General Fund made a short-term loan of $20,000 to the Street Improvement
I need the journal entry for this.
16. [4-a-16] In December 2014, the General Fund made a short-term loan of $20,000 to the Street Improvement Bond Debt Service Fund to assist with payment of an interest payment due on January 1, 2015.
Required: Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities.
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