The following transactions occurred regarding the Central Purchasing Fund, an Internal Service Fund. Record the entries for the transactions, and identify the fund(s) used. 1. The General Fund transferred $100,000 as a capital contribution to establish the fund.
2. The Central Purchasing Fund bills $200,000 for services it provided to other funds.
3. The Central Purchasing Fund incurred depreciation expense of $50,000 and paid $250,000 in operating expenses.