Business, 01.04.2021 22:30 samariamartinez1029

The following transactions occurred regarding the Central Purchasing Fund, an Internal Service Fund. Record the entries for the transactions, and identify the fund(s) used. 1. The General Fund transferred $100,000 as a capital contribution to establish the fund. 2. The Central Purchasing Fund bills $200,000 for services it provided to other funds. 3. The Central Purchasing Fund incurred depreciation expense of $50,000 and paid $250,000 in operating expenses. 4. The General Fund subsidized the operations of the Purchasing Fund by transferring an additional $100,000 to the fund.

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The following transactions occurred regarding the Central Purchasing Fund, an Internal Service Fund....

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