The journal entry for the Debt Service fund upon the receipt of money from the General Fund would be:
A) Debit to Cash and credit to Other Financing Uses - Transfer Out.
B) Debit to Cash and a credit to Transfers Payable.
C) Debit to Other Financing Sources - Transfer In and credit to Cash.
D) Debit to Cash and credit to Other Financing Sources - Transfer In.
Correct Answer:
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