Chap018-baker 22

Chap018-baker 22 - 3. a. April 15, 20X8, Transfer out:...

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Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements 18-22 E18-9 Interfund Transfers and Transactions General Fund 1. a. March 1, 20X8, Transfer out: Other Financing Uses – Transfer Out to Building Maintenance Fund 12,000 Cash 12,000 b. June 30, 20X8, Closing entry: Fund Balance – Unreserved 12,000 Other Financing Uses – Transfer Out to Building Maintenance Fund 12,000 2. a. April 1, 20X8, Financing transaction: Due from Building Maintenance Fund 8,000 Cash 8,000 b. Shown on the general fund balance sheet on June 30, 20X8
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Unformatted text preview: 3. a. April 15, 20X8, Transfer out: Other Financing Uses Transfer Out to Debt Service Fund 2,400 Cash 2,400 b. June 30, 20X8, Closing entry: Fund Balance Unreserved 2,400 Other Financing Uses Transfer Out to Debt Service Fund 2,400 4. a. May 5, 20X8, Interfund services provided or used: Expenditures 825 Due to Transportation Service Fund 825 Due to Transportation Service Fund 825 Cash 825 b. June 30, 20X8, Closing entry: Fund Balance Unreserved 825 Expenditures 825...
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