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 debt service fund to record this transfer would be

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