Enterprise fund. Prepare journal entries to record the following events in the city of Rosewood’s Water Commission enterprise fund: a. From its general fund revenues, the city transferred $300,000,...

Enterprise fund. Prepare journal entries to record the following events in the city of Rosewood’s Water Commission enterprise fund:

a. From its general fund revenues, the city transferred $300,000, which is restricted for the drilling of additional wells.

b. Billings for water consumption for the month totaled $287,000, including $67,000 billed to other funds within the city.

c. The Water Commission collected $42,000 from other funds and $190,000 from other users on billings in item (b).