The City of South Shore uses fund accounting and prepares fund financial

statements. Six accounting events that occurred during the year are listed below. The

city$$s Finance Director has just hired you in the Accounting Department and she wants

to find out how much you know about fund accounting.

To do that, please answer the questions below............

a$)$ For each of the following accounting events listed, indicate which fund$($s$)$

would be used to record the accounting entries.

b$)$ Please provide a brief statement justifying the fund$($s$)$ you chose.

$1.$ The city collected property taxes levied for the general operations of the city.

$2.$ The city collected property taxes levied to pay principal and interest on bonds

issued several years ago to construct the city$$s new police station.

$3.$ The city collected property taxes levied on a specific area of the city for the

purpose of providing more frequent snow removal than is required for the rest of

the city.

$4.$ The city sold bonds to finance the construction of its new courthouse.

$5.$ The city sold bonds to finance major renovations at its city$-$owned electric utility.

$6.$ The city purchased a new street sweeping machine