The following transactions occured regarding the Central Purchasing Fund an

The following transactions occured regarding the Central

Purchasing Fund an Internal Service Fund. Record the entries

for

the transaction and identify the fund(s) used:

1. The general fund transfered $100000 as a capital

contributionto estanblish the fund

2. The purchasing fund billed revenues $200000

3. The Purchasing Fund incurred expenses of $300000. Hint:

Credit Cash for 250000 and Accumulated depreciation for

$50000

4. The General Fun subsidized the operations of the

Purchasing

Fund by transfering an additional $100000 to the fund