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Module 8 Assignment - Nick Miller

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14 views14 pages

Module 8 Assignment - Nick Miller

Uploaded by

nicholasm456123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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E 21-9

Journal
Date
1

7
8

P 21-3
P 21-6

Journal
Date
1

Journal
Date
Jun. 30, 2015
Jun. 30, 2015
Journal
Account
Cash
Operating Revenue
(Enterprise Fund)

Cash
Due To Other Governmental Units
(Agency Fund)

Cash
Other Financing Source-Proceeds From Bond Issue
Other Financing Use-Nonreciprocal Transfer to Debt Service Fund
Cash
(Captial Projects Fund)
Cash
Other Financing Source-Nonreciprocal Transfer From Capital Projects Fund
(Debt Service Fund)

Cash
Contributions
Investment
Cash
(Private Purpose Trust Fund)

Cash
Other Financing Source-Nonreciprocal Transfer From General Fund
(Internal Service Fund)
Other Financing Use-Nonreciprocal To Other Internal Service Fund
Cash
(General Fund)

Cash
Bonds Payable
(Enterprise Fund)

Cash
Other Financing Source-Reciprocal Transfer From General Fund
(Special Revenue Fund)
Other Financing Use-Reciprocal Transfer to Special Reveune-Highway Beautification
Cash
(General Fund)

Tax Receivalbe - Current


Revenue (5,000,000 x .99)
Allowance for Uncollectable Taxes - Current
(General Fund)

Motor Poll of Douwe County Fund


Statement of Revenues, Expenses, and Changes in Net Positio
For the Year Ended June 30, 2015

Revenues:
Revenue From Billings

Expenses:
Supplies Used
Salaries Expense
Utilities Expense
Depreciation Expense

Operating Income
Add: Capital Contribution
Less: Transfers Out

Change In Net Position


Net Position June 30, 2014 (2015 Beginning)
Net Position June 30, 2015

Motor Poll of Douwe County Fund


Statement of Net Position
For the Year Ended June 30, 2015

Current Assets:
Cash
Due From Electric Fund
Supplies on Hand

Noncurrent Assets:
Autos
Less: Accumulated Depreciation

Total Assets

Liabilities:
Accounts Payable
Advance From General Fund

Net Position
Invested In Capital Assets, Net of Related Debt
Unrestricted
Total Net Position

Motor Poll of Douwe County Fund


Statement of Cash Flows
For the Year Ended June 30, 2015

Cash Flow From Operating Activities


Cash Received From Users
Less: Cash Paid to Suppliers
Cash Paid (12,000 + ? - 68,000 = 14,000) (? = 70,000)
Less: Change in Accounts Payable (11,000 - 10,000)

Cash Paid For Salaries


Cash Paid For Utilities
Net Cash Provided By Operating Activities

Cash Flow From Noncapital Financing Activities


Operating Transfers to General Fund (12,000 - 10,000)

Cash From Capital and Related Financing Activities


Purchase of Automobiles (99,000 - 80,000)
Net Decrease in Cash for 2015
Add: Cash & Cash Equivalents, June 30, 2014
Cash & Cash Equivalents, June 30, 2015

Journal
Account
Inventory of Materials and Supplies
Vouchers Payable

Materials and Supplies Expense (80,000 + 74,000 - 58,000)


Inventory of Materials and Supplies

Salaries and Wages Expense


Cash

Utility Expense
Cash

Depreciation Expense - Building


Depreciation Expense - Machinery and Equipment
Accumulated Depreciation - Buildings
Accumulated Depreciation - Machinery and Equipment

Due From General Fund


Due From Water and Sewer Fund
Due From Special Revenue Fund
Service Revenue

Cash
Due From General Fund (20,000 + 262,000 - 6,000)
Due From Water and Sewer Fund
Due From Special Revenue Fund (32,000 - 16,000)

Vouchers Payable (38,000 + 74,000 - 14,000)


Cash

Journal
Account
Service Revenue
Materials and Supplies Expense
Salaries and Wages Expense
Utility Expense
Depreciation Expense - Building
Depreciation Expense - Machinery and Equipment
Excess of Revenues Over Expenses

Excess of Revenues Over Expenses


Retained Earnings
Nick Miller
12/8/2024

Debit Credit
4,500
4,500

125,000
125,000

1,050,000
1,050,000
50,000
50,000

50,000
50,000

50,000
50,000
50,000
50,000

150,000
150,000

150,000
150,000

1,000,000
1,000,000

50,000
50,000
50,000
50,000

5,000,000
4,950,000
50,000

in Net Position

Amount Amount

$ 120,000

$ 68,000
25,000
9,000
16,000 118,000

2,000
50,000
(12,000)

40,000
42,000
$ 82,000

Amount Amount
$ 37,000
4,000
14,000 $ 55,000

99,000
(56,000) 43,000

$ 98,000

$ 11,000
5,000 $ 16,000

43,000
39,000
$ 82,000

Amount Amount

$ 127,000

$ (70,000)
1,000
(69,000)
(25,000)
(9,000) (103,000)
24,000

(12,000)

(19,000)
(7,000)
44,000
$ 37,000

Debit Credit
74,000
74,000

96,000
96,000

230,000
230,000

30,000
30,000

5,000
8,000
5,000
8,000

262,000
84,000
32,000
378,000

376,000
276,000
84,000
16,000

98,000
98,000

Debit Credit
378,000
96,000
230,000
30,000
5,000
8,000
9,000

9,000
9,000

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