Listed below are selected transactions for the Rhea County Garbage Service, which is accounted for in an Enterprise Fund All amounts are in thousands of dollars Transactions Services of $5,000 were provided and billed to outside customers Services of $750 were provided and billed to the General Fund $750 was collected from other funds, and $4,000 was collected on account $20 of accounts receivable were written off as uncollectible Estimated bad debts for the year were $100 Requirements Prepare the journal entries required in the Enterprise Fund If no entry is required, state No entry required and explain why Compute the amount of sales revenues that should be reported for the Enterprise Fund

Question: Listed below are selected transactions for the Rhea County Garbage Service, which is accounted for in an Enterprise Fund. All amounts are in thousands of

Listed below are selected transactions for the Rhea County Garbage Service, which is accounted for in an Enterprise Fund. All amounts are in thousands of dollars.

Transactions

Services of $5,000 were provided and billed to outside customers.
Services of $750 were provided and billed to the General Fund.
$750 was collected from other funds, and $4,000 was collected on account.
$20 of accounts receivable were written off as uncollectible.
Estimated bad debts for the year were $100.

Requirements

Prepare the journal entries required in the Enterprise Fund. If no entry is required, state "No entry required" and explain why.
Compute the amount of sales revenues that should be reported for the Enterprise Fund.

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