Interfund transactions Prepare journal entries to record these interfund transactions in each affected fund: 1. The General Fund makes a short-term loan of $82,500 to a Special Revenue Fund. 2. The General Fund sends $110,000 cash to the Debt Service Fund so the latter fund can pay the debt service on general obligation bonds. 3. The General Fund receives a bill for $49,500 from the Motor Pool Internal Service Fund for motor vehicle services provided to city agencies in April. 4. The General Fund had previously paid $37,400 for consulting services and recorded the entire amount as expenditures. It now bills the Capital Projects Fund $11,000 for that fund's share of the consulting services. 1. General Fund To record loan to Special Revenue Fund. Special Revenue Fund To record borrowing from General Fund. 2. General Fund Io record transfer to Debt Service Fund. Debt Service Fund To record transfer from General Fund. 3. General Fund To record billing from Internal Service Fund. Motor Pool Internal Service Fund To record billing to General Fund for services. 4. General Fund To record billing to Capital Projects Fund for its share of consulting service invoice. Capital Projects Fund