The following transactions affected various funds and activities of the Town of Big Springs.

Required

Prepare the journal entries for the funds and activities

Transaction	Fund / Governmental Activties	General Journal	Debit	Credit
1. The Fire Department, a governmental activity accounted for within the General Fund, purchased $125,000 of water from the Water Utility Fund, an enterprise fund.
1	General Fund
	Governmental Activities
	Enterprise Fund
2. A special revenue fund was awarded a $250,000 reimbursement grant. The General Fund advances $62,500 to the special revenue fund for a short-term period to cover initial costs associated with the grants purpose.
2	General Fund	Interfund Loans ReceivableNoncurrent
		Cash
	Governmental Activities	Cash
		ExpensesGeneral Government
	Special Revenue Fund	ExpensesGeneral Government
		Cash
3. The General Fund transferred its annual contribution of $125,000 to the debt service fund for interest and principal on general obligation bonds due during the year.
3	General Fund
	Governmental Activities
	Debt Service Fund
4. The $5,500 balance in the capital projects fund at the completion of construction of a new Town Hall was transferred to the General Fund.
4	General Fund
	Governmental Activities
	Capital Projects Fund
5. The General Fund made a long-term loan in the amount of $62,500 to the Central Stores Fund, an internal service fund that services town departments.
5	General Fund
	Governmental Activities
	Internal Service Fund