Question

P2-45/ LO 2 EF Mon Tulle livestments made in the previous activity. (Identification of activities with particular governmental and proprietat: the following events. governmental- and proprietary type funds, indicate which would be used to record each of GF General Fund SRF Special Revenue Fund DSF Debt Service Fund CPF Capital Projects Fund PF Permanent Fund Enterprise Fund ISF Internal Service Fund 1. Bonds were issued by the fund used to account for providing water to the residents of a 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 supplies on a user charge basis. 3. The city-operated utility that provides electricity to the residents of a municipality billed the city for electricity provided to city agencies. 4. The city charter requires all hotel taxes to be accounted for in a separate fund dedicated to maintaining the downtown business district. Hotel tax collections for the period were $500,000. 5. Salaries 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 revenues as part of the state's program for financing elementary and secondary education. 7. Interest and principal on the city's general obligation debt were paid, using resources accu- mulated specifically for that purpose. 8. The fund that finances the city's day-to-day operating activities transferred cash to the fund that pays principal and interest on outstanding debt. 9. The city sold general obligation bonds to buy land 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 license fee to that purpose. 12. A wealthy taxpayer donated securities to a village, stipulating that the donation be kept in erpetuity and that the resulting investment income be used solely to help support the activi- ties of the village library. 13. The state-operated toll road collected tolls of Si million 14 The village maintains a perpetual-care public cemetery fund. Income from that fund was ed to the fund that accumulates resources dedicated to maintaining the cemetery.

Answer 1

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V In this question, we have to Identify the achizitie? r with gorernmental and preesprietary funde Y Firest of all, we have to discuss the meaning cock of the following eventse #Gf stands for General Lund – This fund is used by Goroinment Entity. This fund i used fou in fleies and outflowers. ☺ that are not wed úith sét special puipose. I # SRE stands for Special Revenue fund in 1 116 This fund is cued by gorernment to collect money which will be used for Specific project. ' DSE Stands for Debit Severice fund # This Lundú used for cash alesewe that we can utilize for the payment of Interest and Peincipal Amount oň centain types of Debte li CPF stands fore Capital Projects Lind. # This fund is used by Gorenment Entity to acquire and fou constucta major capitak åssetta

# PE Stands for permanent Lund This fund is used 1046_Gorenment and Non-profit organizahons # EE Stands fore_Enterpolise fund This is a self-supporting Government fund, which is used to sells goods and sewices to the public for a fele IS! stands for Internal Sewice Lund__ # This Lund is used in Gorenmental do tack Goods 04 Sewices Shifted between departments on a cost basis. Now, We have to proceed with the questions part Bonds were issued by the fund used to Laccount for Psoriding water to the resident o amunicipality -[Enterprise fund !!

tay the Lund that finances the city's basic day-to-day sberating activities lent$ 50,000 to the Lund that will provide city agencies with supplies on aver change_basis Genera fund and Internal Sewice fund 31 The City operated Whility that provides electricity to the residents of a muncipality billed the city for electicidy provides to the city agencies Enterprise Lund and General Luna 9) The city charles sequire all hotel toxes to be accounted Hou ine seberate fund dedicated to maintaining the downtown business dishich Hotel tox_collections for the period were $500,000: 19pecial Revenue funct) 51 Salaries were paid to the city's police officers and Place, fighters. General Lund_ 6) the State lottery Which operates like a business entily, sent a check for its net Juevenues Cafter paying lottery purest to the State. The state will be add these revenues to the General State Serenye as part of the state's progsam for financing elementary and secondary educabans - Enterpúse Lund and General Lund

Pnterest and Principal on the city's general Colligahon debt were paid using resources acéumulated specially for that purpose. Debut Service Lund Slithe Lund that finances the city's day to day obetaling achizities bonsfesesed cost to the Sund that pays fouincipal and Interyt on! Louktanding debt. Genesel Lund and + Debit Senwice Rund gl_the_city sold amural obligohons_bond to buy land as poolt of a city hell expansion heiggaam / Capital” Project Lunched n 101_the_ cinky Central motor pooled billed each _city department for use of rechiles ja Internal Service Lund 11 the state established a highway beautification, blogeam to be finance by dedicating a new motor rechile license fee to that pwepose. Special Revenue Rund/

12) A wealthy taxpayes donated Securities to La village, Stipulating that the donabon be Reht in perféutidy and that the resulting investment income be Lesed solely to help Subhout the achrities of the village library. Permanent fund 13) _the_State operated ball wood collected tolls of $1 Million. Enterprise fund! The nilloge, maintains a perperial: care public cemetery fundi Income Bom that Rund was transferred to the fund that Laccumulates résources dedicated to maintaining the cemetery in | Permanent Purd and Secial Berenue Mund! THANK you Hare a nice clay ahead

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