[Para. 6-a-5] To permit payment of the $40,000 interest payment due on January 1, 2018, the Street Improvement Bond Debt Service Fund received $10,000 from the General Fund. That amount together with available cash balance in the debt service fund will be sufficient to cover the January 1, 2018, interest payment.

Required: Record the interfund transfer in the debt service fund journal only. This transaction was previously recorded in the General Fund in Chapter 4 of this problem. The transaction has no effect at the government-wide level since it occurs between two governmental funds.