Required a. Prepare the journal entries for the funds and activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Fund / Governmental Transaction General Journal Debit Credit Activties 1. The Fire Department, a governmental activity accounted for within the General Fund, purchased $160,000 of water from the Water Utility Fund, an enterprise fund. 1 General Fund Governmental Activities Enterprise Fund 2. A special revenue fund was awarded a $250,000 reimbursement grant. The General Fund advances $80,000 to the special revenue fund to cover initial costs associated with the grant's purpose. 2 General Fund Governmental Activities Special Revenue Fund 3. The General Fund transferred its annual contribution of $160,000 to the debt service fund for interest and principal on general obligation bonds due during the year. 3 General Fund Governmental Activities Debt Service Fund 4. The $6,200 balance in the capital projects fund at the completion of construction of a new Town Hall was transferred to the General Fund. 4 General Fund Governmental Activities Capital Projects Fund 5. The General Fund made a long-term loan in the amount of $80,000 to the Central Stores Fund, an internal service fund that services town departments. 5 General Fund Governmental Activities Internal Service Fund