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The City of Houston utlizes a fund to service other departments through its warehouse. The...

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Accounting

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The City of Houston utlizes a fund to service other departments through its warehouse. The de departments that requests them. The City has a schedule of fees. The projected revenues are Answer the following questions (10 points) 1. What kind of fund is this? 2. What basis of accounting is used for this fund? 3. The City bought $200,000 of supplies on account. Provide the journal entry. 4. The Engineering Dept requested $50,000 in supplies from the warehouse. The orders inventory. Record the journal entry. 5. Record the charges (Billings) made to the Engineering dept for the supplies. They will partments through its warehouse, The department buys bulk supplies, stores them and then issues them vo iule of fees. The projected revenues are $500,000 per year. The city operates this warehouse year round. ovide the journal entry. from the warehouse. The orders were filled by the warehouse. Record the issuance of supplles from dept for the supplies. They will be charged $60,000. Record the journal entry

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