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\begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|l|}{ Debit } & \multicolumn{1}{l|}{ lredit } \\ \hline Cash & $578,000 & \\ \hline Supplies & 30,000 & \\ \hline Land & 300,000 & \\ \hline Land improvements & 400,000 & \\ \hline Accumulated depreciation-land improvements & & $ \\ \hline Building & 400,000 & \\ \hline Accumulated depreciation-building & & 20,000 \\ \hline Equipment & 200,000 & \\ \hline Accumulated depreciation-equipment & & 20,000 \\ \hline Revenue bonds payable & & 1,200,000 \\ \hline Transfers in & & 600,000 \\ \hline Operating revenues-charges for services & & 600,000 \\ \hline Operating expenses-salaries & 200,000 & \\ \hline Operating expenses-utilities & 100,000 & \\ \hline Operating expenses-supplies used & 120,000 & \\ \hline Operating expenses-depreciation & 60,000 & \\ \hline Nonoperating expenses-interest & 72,000 & \\ \hline & $2,460,000 & $2,460,000 \\ \hline \end{tabular} As of July 1, 2017, the Village of Boiling Springs decided to purchase a privately operated swimming pool and to create a swimming pool (enterprise) fund. During the year, the following transactions occurred: a. A permanent contribution of $600,000 was received from the general fund. b. Revenue bonds were sold at par in the amount of $1,200,000. c. Several items were purchased for cash, with a cost breakdown as follows: land, $300,000; building, $400,000, land improvement, $400,000; equipment, $200,000; and supplies, $150,000. d. Charges for services amounted to $600,000, all received in cash. e. Cash expenses included salaries of $200,000; utilities of $100,000; and interest of $72,000. f. Supplies were consumed in the amount of $120,000. g. Depreciation was recorded as follows: building, $20,000, land improvement, $20,000; and equipment, $20,000. h. The books were closed. Close all accounts to net position. Required: 1. Prepare, in good form using the template and trial balance provided in this module, a Statement of Revenues, Expenses, and Changes in Fund Net Position for the Village of Boiling Spring Swimming Pool Fund for the Year Ended June 30, 2018. 2. Prepare, in good form using the template and trial balance provided in this module, a Statement of Fund Net Position for the Village of Boiling Springs Swimming Pool Fund as of June 30, 2018. \begin{tabular}{|c|c|c|c|c|c|} \hline 2 & & & & & \\ \hline 3 & \multicolumn{5}{|c|}{ Village of Boiling Springs } \\ \hline 4 & \multicolumn{5}{|c|}{ Swimming Pool Fund } \\ \hline 5 & \multicolumn{5}{|c|}{ Statement of Revenues, Expenses, and Changes in Fund Net Position } \\ \hline 6 & \multicolumn{5}{|c|}{ For the Year Ended June 30, 2018} \\ \hline 7 & & & Debits & Cre & dits \\ \hline 8 & \multicolumn{2}{|c|}{ Operating Revenues: } & & & \\ \hline 9 & & Charges for Services & & $ & 600,000.00 \\ \hline 10 & & & & & \\ \hline 11 & \multicolumn{2}{|c|}{ Operating Expenses } & $200,000.00 & & \\ \hline 12 & & Salaries & $100,000.00 & & \\ \hline 13 & & Utilities & $120,000.00 & & \\ \hline 14 & & Supplies & 60,000.00 & & \\ \hline 15 & & Depreciation & & & \\ \hline 16 & \multicolumn{2}{|c|}{ Total Operating Expenses } & & $ & 480,000.00 \\ \hline 17 & & & & & \\ \hline 18 & \multicolumn{2}{|c|}{ Operating Income } & & $ & 120,000.00 \\ \hline 19 & & & & & \\ \hline 20 & \multicolumn{2}{|c|}{ Non Operating Expenses } & & & \\ \hline 21 & & Interest & & $ & 72,000.00 \\ \hline 22 & & Income(Loss) Before Transfers & & $ & 48,000.00 \\ \hline 23 & & Transfers In & & $ & 600,000.00 \\ \hline 24 & \multicolumn{2}{|c|}{ Change in Net Assets } & & $ & 648,000.00 \\ \hline 25 & \multicolumn{2}{|c|}{ Net Assets, July 1, 2017} & & $ & - \\ \hline 26 & \multicolumn{2}{|c|}{ Net Assets, June 30, 2018} & & $ & 648,000.00 \\ \hline 27 & & & & & \\ \hline \end{tabular} Village of Boiling Springs Swimming Pool Fund Statement of Fund Net Position For the Year Ended June 30, 2018 Revenues Expenses and Changes Net Position + Accessibility: Investiqate

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