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Accounting

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The City of Cinnamon Hill operates a centrat motor poot as an internal service fund for the benefit of the eity's other funds and departments. In the current year, this fund charged the Parks Department $30.000 for vehicle rentals. What occount should the internal service fund use to record these charges? Multiple Cholce- Interfund Transfers in. Interfund Exchanges. Bilings to Departments. Cost of Providing Rentais to Other Funds and Units. Which of the following illustrates the appropriate basis of accounting for enterprise ond internal service funds? Murtiple Cholce Choice A. Choice 8. Choice C. Choice D. When utility customers are billed during the year, the enterprise fund journal entry will include which of the following? Multiple Choice A debit to Sales of Water. A debit to Cash - Restricted. A debit to Customer Accounts Recelvable. A debit to Balings to Customers. When a new internal service fund is established with a transfer of funds (not to be repaid). which account would be credited in the internol service fund? Muiriple Choice Cash. Interfund Transfer in. Interfund Transfer Out. Estimated fievenues

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