General Fund resources of 500,000 were contributed to a Capital ...

[sjones]

General Fund resources of 500,000 were contributed to a Capital Projects Fund to finance a portion of the cost of a major capital project. This transaction is an example of an interfund
 
  A. Transfer.
  B. Services provided and used transaction.
  C. Reimbursement transaction.
  D. Loan.

Question 2

The normal balance of the Purchases Discounts account is on the credit side.
 a. True
   b. False
   Indicate whether the statement is true or false

[Ashley I]

Answer to Question 1

A

Answer to Question 2

True

[sjones]

Gracias!

[diana chang]

Thanks for the timely response, appreciate it