An adjusted trial balance is provided below for the Dade County copy services department at June 30, 2014.

Cash $ 21,000

Due from Enterprise Fund 6,000

Due from Debt Service Fund 2,000

Supplies inventory 5,000

Supplies used 3,000

Equipment 32,000

Salary expense 25,000

Utility expense 9,000

Depreciation expense 6,000

Operating transfer to General Fund 4,000

$113,000

Accumulated depreciation $ 24,000

Accounts payable 2,000

Advance from General Fund (not for capital assets) 10,000

Capital Contribution from General Fund 1,000

Net position (beginning) 28,000

Revenue - services billed 48,000

$113,000

Required:

1. Prepare a statement of revenues, expenses and changes in net position for the copy services department for the year ended June 30, 2014.

2. Prepare a statement of net position for the copy services department at June 30, 2014. Assume all assets are not externally or internally restricted.

Answer rating: 100% (QA)

DADE COUNTY COPY SERVICES DEPARTMENT DADE COUNTY COPY SERVICES DEPARTMENT STATEMENT OF REVENUES EXPE... View the full answer