127.A city government has decided to build and operate a convention center. Identify what factors should be considered in deciding whether to account for the convention center as an Enterprise Fund or...

127.A city government has decided to build and operate a convention center. Identify what factors should be considered in deciding whether to account for the convention center as an Enterprise Fund or as part of general governmental activities?

128.The Village of Lake George decided to establish an internal service fund to account for the operations of a Print Shop. The Print Shop is to begin operations on July 1, 2013 the first day of the City's fiscal year. During the fiscal year ended June 30, 2014 the following transactions occurred:

1. Prepare journal entries in the general journal of the Village of Lake George Print Shop Fund to reflect the above transactions.

2. Prepare closing entries for the year.

3. Prepare, in good form, the equity section of the Statement of Net Assets for the Village of Lake George Print Shop Fund as of June 30, 2014.