The following transactions affected various funds and activitiesof the Town of Big Springs. Required Prepare the journal entries for the funds and activities

Transaction Fund / Governmental Activties General Journal Debit Credit 1. TheFire Department, a governmental activity accounted for within theGeneral Fund, purchased $125,000 of water from the Water UtilityFund, an enterprise fund. 1 GeneralFund Governmental Activities Enterprise Fund 2. Aspecial revenue fund was awarded a $250,000 reimbursement grant.The General Fund advances $62,500 to the special revenue fund for ashort-term period to cover initial costs associated with thegrant’s purpose. 2 GeneralFund Interfund Loans Receivable—Noncurrent Cash Governmental Activities Cash Expenses—General Government SpecialRevenue Fund Expenses—General Government Cash 3. TheGeneral Fund transferred its annual contribution of $125,000 to thedebt service fund for interest and principal on general obligationbonds due during the year. 3 GeneralFund Governmental Activities DebtService Fund 4. The$5,500 balance in the capital projects fund at the completion ofconstruction of a new Town Hall was transferred to the GeneralFund. 4 GeneralFund Governmental Activities CapitalProjects Fund 5. TheGeneral Fund made a long-term loan in the amount of $62,500 to theCentral Stores Fund, an internal service fund that services towndepartments. 5 GeneralFund Governmental Activities InternalService Fund