The Village of Watkins Glenn Operated an Educational Program for At-Risk

The Village of Watkins Glenn operated an educational program for at-risk middle school children. Businesses and nonprofit organizations sponsor the children and pay the registration fee
The following cash receipts were collected:
$\begin{array} { l c } \text { Registration } & 160,000 \\ \text { Cash loan from bank } & 40,000 \end{array}$
The following cash disbursements were made:
$\begin{array} { l c } \text { Payroll taxes } & 20,250 \\ \text { Labor } & 85,200 \\ \text { Insurance } & 8,650 \\ \text { Interest } & 2.300 \\ \text { Purchase school bus } & 65,000 \end{array}$ Required:
A. Prepare the journal entries to record revenues and disbursements if the city treats the program as an enterprise fund
B. Prepare the journal entries to record revenues and disbursements if the city treats the program as a special revenue fund