The City of Light Falls operates a centralized garage and charges the other departments on a permile basis for the purchase and maintenance of most city-owned vehicles.

Required: Make journal entries to record the following selection of transactions concerning the motor pool during the following year:

a. Salaries of $360,000 were paid during the year.

b. A bill from the Water and Sewer Enterprise Fund for $8,000 was received and paid.

c. Eight new vehicles costing $24,000 each were purchased for cash.

d. Billing to other city funds were as follows:

General Fund $550,000

Utility Fund $130,000

Special Revenue Fund $20,000

e. All of the billings in (d) except $50,000 from the Utility Fund were paid.

f. Depreciation expense on the motor pool assets was $225,000 for the year