P2-2 (Identification of activities with funds and identifying funds with the appropriate measurement focus and basis of accounting) Jasmin City is a small city on the Canadian border of the United States. Because of its colorful history and fine restaurants, it is a tourist destination. Jasmin uses separate funds to account for the following activities. For each of the activities listed, state (a) the type of fund that Jasmin City will use, (b) the measurement focus and basis of accounting of each fund, and (c) the fund-level financial statements required for each fund. P2-4 (Identification of activities with particular governmental-type funds) Using only the governmental-type funds, indicate which would be used to record each of the following transactions and events:
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