Question: (Identification of funds through examples) For each of the following situations, indicate which fund would be used to report the transaction.
1. A city made payments to a contractor on a major bridge project.
2. The Department of Streets purchased materials to be used to repair potholes.
3. A city paid salaries to the employees of its Fire Department.
4. The state Tax Department collected sales taxes on behalf of several large cities in the state.
5. A city accumulated resources in a fund to pay principal and interest on its general obligation bonds.
6. A city acquired land for bridge approaches as part of the project mentioned in the first situation.