QUESTION 7 Assume that the General Fund of the City of Albany makes a contribution of $1 million to the city's debt service fund. Which of the following best describes how this event would be recorded? Entries would be made in two funds. The General Fund records a reduction in cash and another use of cash- transfer to the debt service fund." The debt service fund records an increase in cash and another financing source transfer from the general fund." Entries would be made in two funds. The General Fund would record a reduction in cash and another use of cash-transfer to the debt service fund". The debt service fund would record an increase in cash and a revenue The General Fund would record a reduction in cash and an expenditure. No entry is needed in any other fund. The debt service fund would record an increase in cash and a revenue. No entry is needed in any other fund