Question: Please help solve for C - - - Journal entries and financial statements for an Internal Service Fund c ) Prepare a statement of net
Please help solve for C Journal entries and financial statements for an Internal Service Fund c Prepare a statement of net position as of December
Enter all amounts as positive numbers.
The city of Pleasantville's Data Processing Fund, an Internal Service Fund, provides services for a fee to
all departments of Pleasantville's government.
The Fund had the following transactions and events during calendar year There was no fund balance
at the beginning of the year.
The General Fund made a $ transfer of cash to establish the Data Processing Fund.
The Data Processing Fund pays cash for a $ computer.
Supplies costing $ were purchased on credit.
Bills totaling $ were sent to the various city departments.
Repairs to the computer were made at a cost of $ on credit.
Collections from city departments for services see # were $
Salaries of $ were paid to the employees.
Accounts payable totaling $ was paid.
As of the end of the year, $ of supplies see # had not been used.
Depreciation expense on the computer for the year was $
The city charged the Data Processing Fund $ for the rental of office space
and $ for the lease of office equipment for the year. Both leases are for months. This
amount was unpaid at the end of the year.
Miscellaneous expenses not paid by the end of the year totaled $ These amounts
were owed to businesses outside the city of Pleasantville.
a Prepare the journal entries necessary to record the transactions and events in the Data Processing Fund.
If an entry affects more than one debit or credit account, enter the accounts in order of
magnitude largest to smallest balances debits first.
Round any calculations to the nearest dollar.
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