On January 1,2014,the General Fund Contributes $200,000 Cash to the Internal

question 22

Multiple Choice

On January 1,2014,the General Fund contributes $200,000 cash to the Internal Service Fund.On January 1,2014,the General Fund also loans $100,000 cash to the Internal Service Fund.On January 1,2014,what journal entry does the Internal Service Fund prepare?

• A)debit Cash $300,000,credit Other Financing Sources $300,000
• B)debit Cash $300,000,credit Other Financing Sources $200,000,credit Advance from General Fund $100,000
• C)debit Cash $300,000,credit Advance from General Fund $300,000
• D)debit Cash $300,000,credit Contributed Capital $200,000,credit Advance from General Fund $100,000

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