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Prepare journal entries to record the following interfund

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Interfund transactions are reciprocal or nonreciprocal. Prepare journal entries to record the following interfund transactions. In addition, record in the far right column whether each transaction is reciprocal or not.

a. The General fund loans the Capital Projects fund $200,000 to hire an architect to start planning a building.

b. The Enterprise fund bills the General fund $30,000 for electrical power provided.

c. The General fund pays the Enterprise fund power bill of $30,000.

d. The General fund permanently transfers $200,000 in capital to an Enterprise fund to help it with start-up expenses.

e. The General fund transfers $25,000 to the Debt service fund to pay principal and interest on long-term debt.

Reference no: EM13485532

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