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The City of Curtain had the following interfund transactions during the month of May: • Billing by the internal service fund to a department financed by the general fund, for services rendered in the amount of $5,000. • Transfer of $200,000 from the general fund to establish a new enterprise fund. • Routine transfer of $50,000 from the general fund to the debt service fund. What was the total reciprocal interfund activity for Curtain during May? A. $5,000 B. $55,000 C. $200,000 D. $255,000 |
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