For Each of the Following Events or Transactions,identify the Fund

question 20

Essay

For each of the following events or transactions,identify the fund or funds that will be affected.
1.A city government charges a fee for the use of the municipal golf course.
2.Interest is paid on state government revenue bonds.
3.A motor pool was established to handle the vehicle needs of a county government.
4.Paid salaries for general governmental employees.
5.Accrued salaries for general governmental employees.

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Definitions:

Levied

The act of imposing or collecting a charge, tax, or fee by authority or law.

Highest Price

the maximum price at which a good or service is sold in the market or the highest price a buyer is willing to pay.

Unconsummated Transaction

A transaction that is proposed but not finalized or completed.

Tax Rate

The percentage at which an individual or corporation is taxed on earned income, investments, or properties.