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The City of Oktibbeha transferred $100,000 from the general fund to a debt service fund for payment of interest. The appropriate entry in the general
The City of Oktibbeha transferred $100,000 from the general fund to a debt service fund for payment of interest. The appropriate entry in the general fund to record this transfer would be
Question 3 options:
| Debit Expenditures $100,000; Credit Cash $100,000. |
| Debit Nonreciprocal transfer-out $100,000; Credit Cash $100,000. |
| Debit Fund balance$100,000; Credit Cash $100,000. |
| Debit Reciprocal transfer-out $100,000; Credit Cash $100,000. |
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