A Municipality's Central Garage Internal Service Fund Had Total Billings

question 17

Short Answer

A municipality's Central Garage Internal Service Fund had total billings for $8,000 for the month. Of the 40 vehicles serviced, 20 were police vehicles, 10 were water department vehicles, and 10 were wastewater department vehicles. What would the journal entry be to account for this transaction?

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Definitions:

Action Potential

A temporary reversal of an electric polarization of the membrane of a nerve cell or muscle cell.

Presynaptic Terminal

The end of a neuron from which neurotransmitters are released to communicate with another neuron at a synapse.

Action Potential

An action potential is a rapid and temporary electrical charge that travels along the membrane of a neuron, enabling the transmission of signals.

Calcium Ions

Essential ions within the body that play key roles in blood clotting, muscle contraction, and nerve function.