Question
Nikiville's General Fund made several transfers of cash this calendar year.Record each of the following transfers in the general journal of the General Fund: The
Nikiville's General Fund made several transfers of cash this calendar year.Record each of the following transfers in the general journal of the General Fund:
The General Fund purchased water from the Water Utility Fund for use by the fire department in the amount of $100,000 and paid cash.
The General Fund provided $50,000 to start up an internal service fund for sharing payroll services across all funds within the government.Cash was paid as a permanent investment in the new internal service fund.
The General Fund loaned the special revenue fund $20,000 in anticipation of a federal grant that has been awarded to the city but not yet received.
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