Business
Business, 16.04.2020 03:00, ameliaxbowen7

Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $113,250. b. The city print shop did $2,700 worth of work for the school system (but has not yet been paid). c. An $6 million bond was issued to build a new road. d. Cash of $202,000 is transferred from the general fund to provide permanent financing for a municipal swimming pool that will be viewed as an enterprise fund. e. The truck ordered in (a) is received at an actual cost of $115,350. Payment is not made at this time. f. Cash of $35,000 is transferred from the general fund to the capital projects fund. g. A state grant of $50,000 is received that must be spent to promote recycling. h. The first $8,650 of the state grant received in (g) is appropriately expended.

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