Lincoln County's General Fund had two interfund transactions: 1. The General Fund paid $225,000 to the Housing and Urban Development Fund, a special revenue fund that is supported by grants from the federal government on a cost reimbursement basis. The amount is to be repaid to the General Fund as grant proceeds are received from the federal government. 2. The General Fund paid $162,000 to the Tourism Fund, a special revenue fund that is supported by hotel and restaurant taxes. The amount is intended to supplement the taxes raised, and there is no expectation that it will be repaid to the General Fund. Required: Prepare the journal entries in the General Fund and affected special revenue funds for the interfund transactions above.. ces General Fund Housing and Urban Dev Tourism Fund Fund Prepare the journal entries for the General Fund of Lincoln County. (If no entry is required for a transaction/event, select "No Journal Entry Required") View transaction list Journal entry worksheet 1 2 > The General Fund paid $225,000 fo the Housing and Urban Development Fund, a special revenue fund that is supported by grants from the federal government on a cost reimbursement basis. The amount is to be repaid to the General Fund as grant proceeds are received from the federal government. Note: Enter debits before credits S.No/Date Account Title Debit Credit General Fund Housing and Urban Dev Fund Tourism Fund Prepare the journal entries for the General Fund of Lincoln County. (If no entry is required for a transaction/event, select "No Journal Entry Required") View transaction list Ook ences Journal entry worksheet Prepare the journal entries for the General Fund of Lincoln County. (If no entry is required for a transaction/event, select "No Journal Entry Required") View transaction list Journal entry worksheet 1 2 The General Fund paid $162,000 to the Tourism Fund, a special revenue fund that is supported by hotel and restaurant taxes. The amount is intended to supplement the taxes raised, and there is no expectation that it will be repaid to the General Fund. Prepare the journal entry to record the cash Note: Enter debits before credits. S.No/Date 2 Account Title Record entry Clear entry Debit Credit View general journal General Fund Housing and Urban Dev Fund > 9 ts 357 Prepare the journal entries for the General Fund of Lincoln County. (If no entry is required for a transaction/event, select "No Journal Entry Required") View transaction list eBook ferences I The General Fund paid $225,000 to the Housing and Urban Development Fund, a special revenue fund that is supported by grants from the federal government on a cost reimbursement basis. The amount is to be repaid to the General Fund as grant proceeds are received from the federal government. Prepare the journal entry to record the cash disbursement. 2 The General Fund paid $162,000 to the Tourism Fund, a special revenue fund that is supported by hotel and restaurant taxes. The amount is intended to supplement the taxes raised, and there is no expectation that it will be repaid to the General Fund. Prepare the journal entry to record the cash disbursement. ue fund ed to e repaid Credit journal entry has been entered Note: Record entry Clear entry View general journal General Fund Housing and Urban Dev Fund > Book rences General Fund Housing and Urban Dev Tourism Fund Fund Prepare the journal entries for the Housing and Urban Development Fund of Lincoln County. View transaction list Journal entry worksheet