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 a debt service fund for payment of interest. The appropriate entry in the general fund to record this transfer would be

A) Debit Expenditures $100,000; Credit Cash $100,000.
B) Debit Nonreciprocal transfer-out $100,000; Credit Cash $100,000.
C) Debit Fund balance$100,000; Credit Cash $100,000.
D) Debit Reciprocal transfer-out $100,000; Credit Cash $100,000.