# 1 2 Transaction The General Fund recorded liabilities of $40,000 to other funds for services received from the Water Utility Fund during the year....

Government Transactions:Using the data in the attached spreadsheet, perform the accounting required for each of the following government fund transaction:1. Prepare the book calculations2. Perform the required journal entriesRequirements:Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable.Clearly identify the requirements being addressed. Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well. No hard coding of solutions. Submit a single MS Excel file for grading.