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Using the govermentsl- and property type fund, indicate which would be used to record each of the following events ( Some events might include more

Using the govermentsl- and property type fund, indicate which would be used to record each of the following events ( Some events might include more than one fund)

General Fund

Special revenue fund

Debt service fund

Capital projects fund

Permanent fund

Enterprise fund

internal Service fund

1) Bonds were issued by the fund used to account for providing water to resident of the municipality.

2) The fund that finances the city's basic day-to-day operating activities lent $50,000 to the fund that will provide city agencies with supplier on a user charge basis.

3) The city-operated utility that provides electricity to the residents of a municiplaity billed the city for electricity provided to city agencies.

4) The ctiy charter requires all hotel taxes to be accounted for in a separate fund dedicated to maintaining the downtown business district. Hotel tax colections for the period were $500,000.

5) Salies were paid to the city's police officers and firefighters.

6) The state lottery, which operates like a business entity, sent a check for its net revenues (after paying lottery prizes) to the state. The state will add these revenues to general state reeneues as part of the state's program for financing elementary and seconday education.

7) Interest and principal on the city's general obligation debt were paid, using resource accumulated specifically for that purpose.

8) The fund that finances the city's day-to-day operating activities transfered cash to the fund that pays principal and interest on outstanding debt.

9) The city sold general obligation bonds to buy lands as part of a city hall expansion program.

10) The city's central motor pool billed each city department for use of vehicles. 11) The state established a highway beautification program, to be financed by dedicating a new motor vehicle icense fee to that purpose. 12) A wealthy tax payer donated securities to a village, stipulating that the donation be kept in perpetuity and that the resulting investment income be used solely to help support the activites of the village library.

13) The state operated toll road collected tolls of $1 million.

14) The village maintains a perpetula-care public cemetery fund. Income from that fund was transfered to the fund that accumulates resources dedicated to maintaing the cemetery.

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