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1) The city of Trawville has a water enterprise fund that provides potable water for use...

1) The city of Trawville has a water enterprise fund that provides potable water for use by the residents and businesses of the city. The water enterprise fund also provides potable water to other city departments. The water enterprise fund bills the General fund $1800 and the golf course fund $1600 for the water use during the most recent month. What journal entry should be recorded in the Water enterprise fund?

2) The City of Bethville Established an Internal Service Fund to account for printing services provided to various departments of the government. Police chief, Winston Watson authorizes the payment of $2,000 for printing services provided by the Printing Services Internal Services Fund. The accounting department makes the payment. What entry should be reported in the Printing Service Fund for receipt of payment?

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ekkarill92 answered 1 year ago
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