I need help on this journal entry:
On December 31 2014 prior to preparing closing entries the Solid Waste Disposal Fund was charged for materials and supplies expense in the
amount of $12000 that had erroneously been charged as an expenditure of the General Fund (see transaction 15 of the General Fund in Chapter 4 of this
cumulative problem). You should credit Due to Other Funds.
This is Transaction 15 from Chapter 4:
Required: Record this reimbursement transaction in the General Fund and governmental activities
journals debiting Due from Other Funds in the General Fund and Internal Receivables from Business-type Activities at the government-wide level. Do not make any entries in the Solid Waste Disposal Fund at this time. (Note: Select %u201CGoods Received%u201D in the
[Transaction Description] box in the Detail Journal).