Problem 4: Matching transactions with funds Indicate which fund or funds would be used by the State of Illinois to record each of the following events. Use the codes shown below for each fund type (remember, some events affect more than one fund). General Fund Special Revenue Fund Debt Service Fund Capital Projects Fund Enterprise Fund GF Pension Trust Fund PTF SRF Custodial Fund CF DSF Internal Service Fund ISF CPF EF 1. The Office of the State Lottery sells lottery tickets to the public. In accordance with State law, 5% of all lottery ticket sales revenue must be used to finance k-12 public education. The State's major operating fund received a check for $15,000,000 from the Office of the State Lottery for the State's share of the lottery ticket sales revenue. 2. The State collected $6,000,000 of State-enacted gasoline taxes. According to State statutes, gasoline taxes are legally restricted to pay for the maintenance of State roads and highways as well as for the maintenance of city, village, and county roads and streets. According to State law, $2,700,000 ($6,000,000 X .45) was deposited in the fund used to maintain State roads and highways, and $3,300,000 ($6,000,000 X .55) was deposited in the fund that will remit the gasoline taxes to local governments in Illinois. 3. The State paid $13,000 for the purchase of 10 iPad Pros for the Governor's staff, using resources of the State's major operating fund. 4. The State sold $55 million of general obligation serial bonds to finance the construction of a 25 story building located in Chicago. The building will be named the State of Illinois Center and will be located at 100 West Randolph Street. The bond proceeds were deposited in the fund responsible for building construction. 5. A payment of $12,000,000 was made to the Ace Construction Company for work completed on the construction of the State of Illinois Center.