Which of the following transactions creates an expenditure on the General Fund statement of revenues, expenditures,...
Which of the following transactions creates an expenditure on the General Fund statement of revenues, expenditures, and changes in fund balances?
a.) a loan to the sewage enterprise fund
b.) a transfer of resources to the debt service Fund so the Debt Service Fund can pay debt service on general obligation debt
c.) a transfer of resources to the Capital Projects Fund to help pay for a major capital project
d.) a purchase from the water enterprise fund
Homework Answers
Which of the following transactions creates an expenditure on the General Fund statement of revenues, expenditures, and changes in fund balances?
d.) a purchase from the water enterprise fund
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2020:
Beginning balances were: Cash, $97,000; Taxes Receivable,
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The budget was passed. Estimated revenues amounted to
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Property taxes were levied in the amount of $935,000. All of
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percent of the levy would be uncollectible and that $140,000 of the
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