1) The following are transactions for the city of Springfield.
a. Borrowed $20,000 by issuing a three-month, 5% note.
b. Paid $4,000 for equipment.
c. Services for $1,000 were billed and collected.
d. Year-end accrual of 3 months interest on note in (a).

Required:
Analyze the above transactions by using the accounting equation for a governmental fund. 10) Using the revenue types shown below, match each of the revenue sources to a revenue type. Each revenue type may be used more than once.

A. Derived Tax Revenues
B. Imposed Nonexchange Revenues
C. Government-Mandated Nonexchange Transactions
D. Voluntary Nonexchange Transactions ________ 1. Corporate income tax ________ 2. Sales taxes ________ 3. Liquor taxes ________ 4. Fines and penalties paid to a government entity ________ 5. Cigarette taxes ________ 6. Personal income tax ________ 7. Donation made to a government entity ________ 8. Motor fuel tax ________ 9. Property tax