An Interfund Transfer of $30,000 Was Made from the General

question 3

Short Answer

An interfund transfer of $30,000 was made from the General Fund to the debt service fund.(No previous entries were made regarding this transaction).When this event occurred,indicate whether each of the following accounts of the General Fund should be debited (D),credited (C),or is not affected (N).
_____ 1.Interfund Loan to Debt Service Fund-Noncurrent.
_____ 2.Due from Debt Service Fund.
_____ 3.Cash.
_____ 4.Other Financing Uses-Interfund Transfers Out.
_____ 5.Encumbrances.

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