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The City of Southern Pines maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial

The City of Southern Pines maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations.

Transfers out from the General Fund to other funds were as follows: 1 entry

  • To CPF $400,000
  • To DSF $590,000
  • To EF $950,000
  • To ISF $225,000

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