Journal entry worksheet Record the entry to close the operating statement accounts. Note: Enter debits before credits. The City of Townsend's city council authorized the establishment of an internal service fund to provide human resource services to city departments. The following transactions took place in the inaugural month of Townsend's Human Resource internal service fund 1. The General Fund transferted $100,000 to cover initial expenses. The transfer is not expected to be repaid 2. The Human Resources Fund entered into a 2-year computer lease with an inital $5,000 payment. The present value of the remaining payments is $82,218 3. Salaries and wages paid to employees totaled $15,000 4. Office supplies were purchased on account for $2,500 5. Bullings totaling $3,000 were received from the enterprise fund for utility charges 6. Bullings to other departments for services provided to them were as follows: General find Special Aevenue Fund 316,090 4,700 7. Cosing entries were prepared. Journal entry worksheet A B C D Record the entry to reclassify net position balances. explanation Journal entry worksheet A B C D Record the entry to close the Excess of Net Billings to Departments over Costs or Excess of Costs over Net Billings to Departments. Note: Enter debits before credits. explanation Required a-1. Assume all expenses at the government-wide level are charged to the General Government function. Prepare journal entries to record all of the transactions for this period in the Human Resource Furid accounts and in the governmental activities accounts a-2. Prepare closing entnes for the Human Resource Fund (ignore government-wide closing entry) Complete this question by entering your answers in the tabs below. Prepare dosing entries for the Human Resource Fund (ignore government-wide closing entry). (tf no entry is requirnd for a transaction/event, select "Wo soumal Entry Required" in the fist account field.) Journal entry worksheet A B C D Record the entry to reclassify the interfund balances. Note: Enter debits before credits. explanation