Chapter 8 Homework 0 Saved Help 1 points eElock Print References m- The City of Southern Pines maintains its books so as to prepare fund accounting statements and records worksheet adjustments in order to prepare government-wide statements. As such. the City's internal service fund. a motor pool fund. is included in the proprietary funds statements. 1. Balance sheet asset accounts include: Cash. $98,000: Investments. $144,400: Due from the General Fund. $17,500: Inventories. $378,800; and Capital Assets (net). $1,118,900. Liability accounts include: Accounts Payable. $58,700: Long-Term Advance from Enterprise Fund, $704,400. 2. The only transaction in the internal service fund that is external to the government is interest revenue in the amount of $4,000. 3. Exclusive of the interest revenue, the internal service fund reported net income in the amount of$72.000. An examination of the records indicates that services were provided as follows: one-third to general government. one-third to public safety, and one-third to public works. Prepare necessary adjustments in order to incorporate the internal service fund in the government-wide statements as a part of governmental activities. (If no entry ls required for a transactionfevent. select \"No Journal Entry Required\" in the rst account eld.) View transaction list Journal entry worksheet Balance sheet asset accounts include: Cash, $98,000; Investments, $144,400; Due from the General Fund, $17,500: Inventories, $378,800; and Capital Assets (net), $1,118,900. Liability accounts include: Accounts Payable, $58,700: Long-Term Advance from Enterprise Fund, $704,400. Note: Enter debits before credits. Save I Exit