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Title: Financial Statement Preparation Post by: derro on Jun 24, 2018 The accounts listed below are taken from an Internal Service Fund adjusted trial balance (all amounts are in thousands):
Accounts Debit Credit Accounts Payable $44 Accumulated Depreciation – Buildings 200 Accumulated Depreciation – Furniture and Equipment 210 Billings to Departments 981 Buildings $319 Capital Contribution 60 Cash 243 Construction in Progress 20 Depreciation Expense 50 Due from Other Funds 60 Due to Other Funds 24 Net Position, July 1, 20X2 729 Interest Expense 11 Interest Revenue 15 Investments 160 Land 120 Maintenance Expense 35 Mortgage Payable 50 Personnel Services Expense 630 Restricted Cash – Construction 90 Supplies Expense 251 Supplies Inventory 73 Transfer from General Fund 75 Furniture and Equipment 326 $2,388 $2,388 Requirements: Prepare Statement of Fund Net Position and Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended June 30, 20X3, for the City of Bell Buckle. |