1) Please do journal entries for affected funds. SOME STUDENTS MISS THIS PART!!! PLEASE DO JOURNAL ENTRIES!!!

2) Indicate how the transaction impact Fund Balance or Net Position. Please be specific. When indicate the impact, please point out exactly which category it impacted. Such as FB-SPENDABLE-unassigned, or assigned, or committed, or restricted. Or FB-NONSPENDABLE. For net position, it would be restricted, unrestricted, or investment in capital asset. General fund in 1 Is an example.

3)For governmental wide level, you also need to indicate which activity it affects (business activity or governmental activity).

4.	On April 1, 2002, the city's water utility company billed the city for $2,800 in services provided. The billings to external customers
	amounted to $132,000.
EF				Governmental Wide-Business Activity
	EquityImpacted	DirectionOfImpact	Amount		EquityImpacted	DirectionOfImpact	Amount
GF				Governmental Wide-Governmental Activity
	EquityImpacted	DirectionOfImpact	Amount		EquityImpacted	DirectionOfImpact	Amount
5.	On June 30, 2002, the supplies fund issued $500,000 in 6% term bonds at face for construction of a new building. Semiannual
	interest payments are required.
ISF				Governmental Wide-Governmental Activity
	EquityImpacted	DirectionOfImpact	Amount		EquityImpacted	DirectionOfImpact	Amount
If debt has been incurred for construction or acquisition of a capital assets, but the proceeds of the debt have not been spent by year end, that debt is excluded in calculating ICA, net of related debt. Also, NP Unrestricted becomes restricted. Please remember ISF and governmental wide level all use accrual basis, you should record liabilities as usual.
6.	The building was constructed at a cost of $550,000, which was paid.
ISF				Governmental Wide-Governmental Activity
	EquityImpacted	DirectionOfImpact	Amount		EquityImpacted	DirectionOfImpact	Amount
Record the building as usual. NP-Investment in capital aset=Total investment-related debt-accumulated depreciation=550000-500000-0=50000; the 500,000 NP-Restricted is released and became NP-UR. NP-Restricted down by 500,000.Then the additional 50,000 spending came out of NP-UR. So NP-UR down by 50,000 . The net result is NP-UR up by 450000.
7.	On August 1, 2002, the city's water utility fund issued $1,000,000 in 7% five-year serial bonds at 101 at effective rate 6.5% for
	comstruction of a new treatment plant. Principal and interest payments are to be made annually beginning August1, 2003.
EF				Governmental Wide-Business Activity
	EquityImpacted	DirectionOfImpact	Amount		EquityImpacted	DirectionOfImpact	Amount