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These are journal entries The city of X has created an enterprise fund to provide recreational activities for the community through a city owned health

These are journal entries
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The city of X has created an enterprise fund to provide recreational activities for the community through a city owned health club. Listed below are transactions related to the city of X health club. Prepare the following assorted journal entries for the health club and classif y each transaction on the proprietary fund's cash flow statement- operating, investing. capital financing, non- capital financing or none. 1. Th e city of X health club receives 1000,000 cash contribution from the general fund to acquire equipment classification on the cash flow statement 2. the city of X health club collects 125,275 in health club memberships from community members. classification on the cash flow statement 3. athletic equipment and exercise machines costing 800,000 was purchased and paid for by the enterprise fund. classification on the cash flow statement: 4. the general fund bills the health club enterprise fund for reimbursment for athletic equipment installation that waaas performed by employees of the general fund. The general fund bills the health club enterprise fund 75,000 for these services. classification on the cash flow statement: 5. the city council of the city of X becomes concerned about the economic viability of the health club enterprise fund and vote to transfer 325,000 to the health club enterprise fund for ongoing operations to be repaid to the general fund(without interest) during the following fiscal year classification on the cash flow statement

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