Problem

Matching for General Fund Transactions [AICPA Adapted]For each general fund transaction li...

Matching for General Fund Transactions [AICPA Adapted]

For each general fund transaction listed in items 1 through 12, select the appropriate recording for the transaction listed next to letters A through O. A letter may be selected once, more than once, or not at all.

	Transactions		Recording of Transactions
1.	An interfund transfer out was made to	A.	Credit Revenues
	the capital projects fund.	B.	Debit Expenditures
2.	Approved purchase orders were issued	C.	Debit Encumbrances
	for supplies.	D.	Debit Inventories
3.	The above-mentioned supplies were	E.	Debit Interfund Services Provided and Used
	received and the related invoices were	F.	Credit Budgetary Fund Balance—Unassigned
	approved.	G.	Debit Appropriations Control
4.	Salaries and wages were incurred.	H.	Credit Property Taxes Receivable—Current
5.	Cash was transferred to establish an	I.	Credit Appropriations Control
	internal service fund.	J.	Credit Residual Equity Transfer Out
6.	The property tax levy was passed by the	K.	Debit Interfund Transfer Out
	city council and tax bills were sent to	L.	Credit Interfund Transfer Out
	property owners.	M.	Debit Estimated Revenues Control
7.	Property taxes for the current year were	N.	Debit Budgetary Fund Balance—Unassigned
	collected.	O.	Debit Computer Equipment
8.	Appropriations were recorded on
	adoption of the budget.
9.	Estimated revenues were recorded on
	adoption of the budget.
10.	There was an excess of estimated inflows
	over estimated outflows.
11.	Invoices for computer equipment were
	received.
12.	Received billing from water and sewer
	fund (enterprise fund) for using city
	water and sewer.