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Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial
Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $98,750. b. The city print shop did $2,400 worth of work for the school system (but has not yet been paid). c. A(n)$10 million bond was issued at face value to bulld a new road. d. The city transfers cash of $189,000 from Its general fund to provide permanent financing for a municipal swimming pool that will be maintained as an enterprise fund. e. The truck ordered in (a) Is recelved but at an actual cost of $101,150. Payment is not made at this time. f. The city transfers cash of $40,900 from Its general fund to a capital projects fund. g. The city recelves a state grant of $50,000 that must be spent to promote recycling by the citizens. h. The first $8,300 of the state grant recelved in (g) is expended as intended. Prepare journal entries for the City of Pudding's governmental funds to record the fund financial statements. (Select the appropriate fund for each nal entry e. The truck ordered in (a) is received but at an actual cost of $101,150. Payment is not made at this time. h. The first $8,300 of the state grant received in (g) is expended as intended. \begin{tabular}{|l|l|l|l|l|} \hline h. & & Record the revenue of the grant for recycling. \\ \hline & & & & \\ \hline & & Record the expenditure of the grant for recycling. & \\ \hline & & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular}
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