Question
The city of Bethville establishes an Internal Service Fund to account for printing services provided to the various departments of the government. Police chief, Winston
The city of Bethville establishes an Internal Service Fund to account for printing services provided to the various departments of the government. Police chief, Winston Watson, authorizes the payment of $2,000 for printing services provided by the Printing Services Internal Service Fund. The accounting department makes the payment. What entry should be reported in the Printing Services Internal Service Fund for receipt of the payment?
a. cash 2000
Revenues 2000
b. cash 2000
transfer in from general fund 2000
c. cash 2000
transfer in from enterprise fund 2000
d. due from general fund 2000
revenues 2000
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