The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000. It then sends a bill to the Library Special Revenue Fund for $4,000, representing the library's share of the bill. Which entry should the General Fund make when it sends the bill to the Library Special Revenue Fund?
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000.