Prepare the journal entries necessary in the fund-based and government-wide

Journal Entries. Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions. Be sure to indicate to which fund your entry(ies) apply in the fund-based journal and the type of activity (GT = governmental-type activities, BT = business-type activities) in the government-wide journal. Additionally, if the entry is the same at the government-wide level, indicate this with “SAME” and if no entry applies then indicate with “NE”. If a transaction results in multiple entries, YOU SHOULD INDICATE CLEARLY WHETHER EACH ENTRY IS CHANGED, THE SAME, OR RESULTS IN NO ENTRY.

1). On September 28, 20x5, the Supplies fund billed the General Fund for $30,000 and the Water Utility Fund of the City (an Enterprise Fund) for $80,000 for supplies used. The cost of the supplies used by the General Fund amounted to $19,000 and the cost of the supplies used by the Water Utility Fund amounted to $48,000. Payment is expected by the end of October.