The City of Holbrook Transferred $100,000 from the General Fund

Multiple Choice

The City of Holbrook transferred $100,000 from the General Fund to the Debt Service Fund for payment of interest.The appropriate entry in the Debt Service Fund to record this transfer would be

A) Debit Cash $100,000; Credit Revenue $100,000.
B) Debit Cash $100,000; Credit Other financing uses-transfer Out $100,000.
C) Debit Cash $100,000; Credit Fund balance-transfer in $100,000.
D) Debit Cash $100,000; Credit Other financing sources-transfer in $100,000.