Comparative adjusted trial balances for the motor pool of Douwe County at June 30, 2016, and June
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Prepare fund financial statements for the motor pool for the year ended June 30, 2017. (The statement of cash flows is to be included. Assume all expenses are paid in cash.)
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June 30, 2017 June 30, 2016 Cash Due from general fund Due from electric fund Supplies o Autos Supplies u Salaries expense Utilities expense Depreciation expense Operating transfer to general fund $44,000 8,000 3,000 12,000 80,000 60,000 20,000 8,000 15,000 $37,000 4,000 14,000 99,000 68,000 25,000 9,000 16,000 12,000 $284,000 $56,000 11,000 5,000 50,000 42,000 120,000 $284,000 n hand sed Accumulated depreciation-autos Accounts payable Advance from general fund (current) Contribution from general fund Net position (beginning) Revenue from billings $250,000 $40,000 10,000 5,000 50,000 35,000 110,000 $250,000
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Douwe County Motor Pool Fund Statement of Revenues Expenses and Changes in Fund Net Position for the year ended June 30 2017 Revenues Revenue from bil...View the full answer
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Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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