Internal service fund. The city of Cloverville operates a central computer center through an internal service fund. The Computer Internal Service Fund was established by a contribution of $1,000,000...

Internal service fund. The city of Cloverville operates a central computer center through an internal service fund. The Computer Internal Service Fund was established by a contribution of $1,000,000 from the general fund on July 1, 2017, at which time a building was acquired at a cost of $300,000 cash. A used computer was purchased for $600,000. The post-closing trial balance of the fund at June 30, 2018, was as follows: