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Accounting fro expenditures. prepare entries in the general fund for the following transactions that represent outflows of financial resources to the city of Cedar Creek in 2018:1. vouchers are prepared for the following items and amounts: salaries................................ $100,000 repairs and maintenance 50,000 Inventory of supplies45,000 Capital equipment 125,000 Tax anticipation notes: principal ............................. 200,000 interest ............................... 13,000
2. A transfer of $50,000 is made to the debt service fund.3. There was no inventory of supplies at thestart of the year. The inventory of supplies at year end is $2,000.
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