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Please record the transactions below in journal below. Please note that each of these transactions will involve two funds. a) The general fund transferred $4,000
Please record the transactions below in journal below. Please note that each of these transactions will involve two funds. a) The general fund transferred $4,000 to the capital projects fund for funding the CPF's capital project. This will not be repaid. b) The general fund provided bookkeeping services for the capital projects fund and was paid $5,000 for these services by the capital projects fund. c) The special revenue fund loaned $3,000 to the debt service fund. This will be repaid by the debt service fund in 60 days. d) The general fund loaned $1,100 to the special revenue fund. This will be repaid by the special revenue fund in 2 years. e) The debt service fund, 60 days later, repaid the amount borrowed from the special revenue fund in "c" above. General Fund Special Revenue Fund Debit Capital Projects Fund Debit Debt Service Fund Debit Debit Credit Credit Credit Credit Please record the transactions below in journal below. Please note that each of these transactions will involve two funds. a) The general fund transferred $4,000 to the capital projects fund for funding the CPF's capital project. This will not be repaid. b) The general fund provided bookkeeping services for the capital projects fund and was paid $5,000 for these services by the capital projects fund. c) The special revenue fund loaned $3,000 to the debt service fund. This will be repaid by the debt service fund in 60 days. d) The general fund loaned $1,100 to the special revenue fund. This will be repaid by the special revenue fund in 2 years. e) The debt service fund, 60 days later, repaid the amount borrowed from the special revenue fund in "c" above. General Fund Special Revenue Fund Debit Capital Projects Fund Debit Debt Service Fund Debit Debit Credit Credit Credit Credit
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