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the cityear, iof Sioux falls entered into a number of transactions for the current fiscal year, identity the fund or funds affected by each transaction

the cityear, iof Sioux falls entered into a number of transactions for the current fiscal year, identity the fund or funds affected by each transaction and determine how each trasaction will affect the accounting equiation of the particular fund. 1.- Sioux falls paid salaries to general goverment employees $95,0002.- Sioux falls purchased an automobile by issuing a $25,000,8 percent note to the vendor. the purchased occurred at midyear and the note is a one year note. 3.- the city sold general fixed assets with an original cost of $300,000 for $30,000 at the end of their useful life. the use of the resouce received is not restricted. 4.- in the second fiscal year, the city repaid the principal and interest on the note issued in transaction 2 at the due date of the note. 5.- profis of $500,000 from the airport enterprise fund were transferied to the general fund of the city to subsidize general fund operations. 6.- interes income collected on Sioux falls's general fund investments totaled $70,000 for the year.

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