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For Each of the Following Events or Transactions,identify the Fund

Question 29

Essay

For each of the following events or transactions,identify the fund or funds that will be affected.
1.A city government provides electricity services to residents for a fee.
2.A printing shop was established to handle the printing needs of a county government.
3.A philanthropist donates $1 million for zoo maintenance,only earnings can be used.
4.A city government collects sales taxes on behalf of the state and for some of its counties and municipalities.
5.Interest is paid on a state government's general obligation bonds.

Correct Answer:

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1.Enterprise Fund
2....

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