Question
Interfund Premiums -- Actuarial estimates from previous fiscal year to determine $ necessary to establish a reserve for losses. It was determined that General Fund and water utility should be assessed a 6% fee of total wages/salaries.
Pub Safety 5,000,000
Gen Admin 1,500,000
Educ 1,500,000
Water Utility 2,500,000
What is journal entry?
Pub Safety 5,000,000
Gen Admin 1,500,000
Educ 1,500,000
Water Utility 2,500,000
What is journal entry?