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Identify transactions to specific funds For each of the following situations, indicate which fund would be used to report the transaction. ( Note: Several transactions
Identify transactions to specific funds
For each of the following situations, indicate which fund would be used to report the transaction. Note: Several transactions require using more than one fund.
A cityowned water utility sent bills to the city for water provided to city departments.
The city's mass transit facility received an operating subsidy from the city and a construction grant from the federal government.
The city sent out property tax bills to finance daytoday city operating activities.
The city sold bonds to construct new roadsa major capital project.
lice cars. The city classifies the purchase of all cars as "minor capital items," to be paid from tax resources rather than the sale of bonds.
The city paid principal and interest on a bond issue from resources accumulated for that purpose.
The city's centralized printing facility billed the city's Tax Department for printing tax forms.
The city levied a special hotel tax dedicated to beautifying its downtown shopping area.
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