Question: Listed below are selected transactions for the Rhea County Garbage Service, which is accounted for in an Enterprise Fund. Prepare the journal entries required in
Listed below are selected transactions for the Rhea County Garbage Service, which is accounted for in an Enterprise Fund. Prepare the journal entries required in the Enterprise Fund. If no entry is required, state "No entry required". Please clearly indicate what accounts are to be debited and what accounts are to be credited. Transactions: 1. Services of $5,000 were provided and billed to outside customers. 2. Services of $750 were provided and billed to the General Fund. 3. $750 was collected from other funds, and $4,000 was collected on account. 4. $20 of accounts receivable were written off as uncollectible. 5. Estimated bad debts for the year were $100
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