Business, 28.06.2020 02:01 norinashanleyc

A city uses an Enterprise Fund to provide electricity to its citizens and to its General Fund. A total of $50,000 was billed to the General Fund and collected 30 days later. Prepare the journal entries necessary to record these transactions, and label the fund(s) used. Note: Under the Fund column, select the appropriate fund in which the transaction is recorded (GF: General Fund or ISF: Internal Service Fund).

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A city uses an Enterprise Fund to provide electricity to its citizens and to its General Fund. A tot...