Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Exercise 32

Accounting and reporting. Indicate the part [(a) through (e)] of the general fund statement of revenues, expenditures, and changes in fund balance affected by transactions (1) through (7).
a. Revenues
b. Expenditures
c. Other financing sources and uses
d. Residual equity transfers
e. Statement of revenues, expenditures, and changes in fund balance is not affected.
1. An unrestricted state grant is received.
2. The general fund paid pension fund contributions that were recoverable (reimbursed) from an internal service fund.
3. The general fund paid $60,000 for electricity supplied by the electric utility enterprise fund.
4. General fund resources were used to subsidize the swimming pool enterprise fund.
5. General fund resources of $90,000 were loaned to an internal service fund.
6. A motor pool internal service fund was established by a transfer of $80,000 from the general fund. This amount will not be repaid unless the motor pool is disbanded.
7. General fund resources were used to pay amounts due on an operating lease.