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mework Cash Customer Accounts Receivable Katinated collectible Account Heceivable Material and Supplies Advance to stores and services and Restricted Assets Water Treatment Plant in Service Contention Work in Progress Lounalated Depreciation - Water Treatment plant Accounts Payable Revenue Bonds Payable et Positios Totale $ 102,000 $5,000 $ 4,500 28,000 30.000 117,000 4.200.000 203.000 1.200.000 96,500 2.100,000 959.000 14,700.000 14.760,000 Required: Record the following transactions in the general journal of the City of Monroe Water and Sewer Utility Fund. During the year, sales of water to non-government customers amounted to $1025,000 and sales of water to the General Fund (2) Collections from non-government customers amounted to $983,000. 3) The Stores and Services Fund repaid $15,000 of the long-term advance to the Water and Sewer Fund. 14) Materials and supolies in the amount of $261,000 were received. A liability in that amount was recorded 151 Materials and supplies were issued and were charged to the following accounts: cost of sales and services. $180,000: selling $15,000, administration $18.000, construction work in progress, $50,000 161 Payroll costs for the year totaled $416,200 plus $34.200 for the employer's share of payroll taxes. Of that amount $351.900 was paid in cash, and the remainder was withheld for taxes. The $450,400 (416,200 34200) was distributed as follows: cost of sales and services. $265,800, sales. $43.900, administration. 591400, construction work in progress, $49.300 17 Bond Interest (64%in the amount of $162,500 was paid 18 in accord with the revenue bond indenture. $25,000 cash was transferred from operating cash to restricted assets. (9) Construction projects at the water treatment plant reflected in the beginning balance of construction in process) were completed in the amount of $ 214,000, and the assets were placed in service. Payments for these amounts were made in the previous year no effect on 2020 Statement of Cash Flows) maj Collection efforts were discontinued on bis totaling $3,500. The unpaid receivables were written off i An analysis of customer receivable balances indicated the Estimated Uncollectible Accounts needed to be increased by $6,500 (12) Payment of accounts payable amounted to $332.000. Payments of payroll taxes totaled $95.200 (13) Supplies transferred from Stores and Services Fund amounted to $58,000 Cash in the amount of $50.000 was paid to the Stores and Services Fund for suppiles 054) Depreciation expense for the year was computed to be $267.000 Post the entries to the Water and Sewer Fund ledger accounts Prepare and post an entry closing all nominal accounts to Net Position. Compute the balance in the Net Position accounts, assuming the only restricted assets are those identified with the bond Indenture and the outstanding bonds are associated with the purchase of capital assets 6-C. Part 3. Proprietary Fund Financial Statements Required: Prepare statements for the proprietary funds accounted for in Parts 1 and 2 as follows: M A Statement of Revenues, Expenses, and Changes in Fund Net Position for the Year Ended December 31, 2020 C) A Statement of Net Position as of December 31, 2020 B A Statement of Cash Flows for the Year Ended December 31, 2020. include restricted assets as a part of cash and cash equivalents for this statement. (Assume any materials and stor attributable to construction in process were paid by yewend Complete this question by antaring your answers in the tabs below lateral Ince Sarv Energie Enterprise of New Sort of Som of Cam Prey Nest MacBook Air mework Cash Customer Accounts Receivable Katinated collectible Account Heceivable Material and Supplies Advance to stores and services and Restricted Assets Water Treatment Plant in Service Contention Work in Progress Lounalated Depreciation - Water Treatment plant Accounts Payable Revenue Bonds Payable et Positios Totale $ 102,000 $5,000 $ 4,500 28,000 30.000 117,000 4.200.000 203.000 1.200.000 96,500 2.100,000 959.000 14,700.000 14.760,000 Required: Record the following transactions in the general journal of the City of Monroe Water and Sewer Utility Fund. During the year, sales of water to non-government customers amounted to $1025,000 and sales of water to the General Fund (2) Collections from non-government customers amounted to $983,000. 3) The Stores and Services Fund repaid $15,000 of the long-term advance to the Water and Sewer Fund. 14) Materials and supolies in the amount of $261,000 were received. A liability in that amount was recorded 151 Materials and supplies were issued and were charged to the following accounts: cost of sales and services. $180,000: selling $15,000, administration $18.000, construction work in progress, $50,000 161 Payroll costs for the year totaled $416,200 plus $34.200 for the employer's share of payroll taxes. Of that amount $351.900 was paid in cash, and the remainder was withheld for taxes. The $450,400 (416,200 34200) was distributed as follows: cost of sales and services. $265,800, sales. $43.900, administration. 591400, construction work in progress, $49.300 17 Bond Interest (64%in the amount of $162,500 was paid 18 in accord with the revenue bond indenture. $25,000 cash was transferred from operating cash to restricted assets. (9) Construction projects at the water treatment plant reflected in the beginning balance of construction in process) were completed in the amount of $ 214,000, and the assets were placed in service. Payments for these amounts were made in the previous year no effect on 2020 Statement of Cash Flows) maj Collection efforts were discontinued on bis totaling $3,500. The unpaid receivables were written off i An analysis of customer receivable balances indicated the Estimated Uncollectible Accounts needed to be increased by $6,500 (12) Payment of accounts payable amounted to $332.000. Payments of payroll taxes totaled $95.200 (13) Supplies transferred from Stores and Services Fund amounted to $58,000 Cash in the amount of $50.000 was paid to the Stores and Services Fund for suppiles 054) Depreciation expense for the year was computed to be $267.000 Post the entries to the Water and Sewer Fund ledger accounts Prepare and post an entry closing all nominal accounts to Net Position. Compute the balance in the Net Position accounts, assuming the only restricted assets are those identified with the bond Indenture and the outstanding bonds are associated with the purchase of capital assets 6-C. Part 3. Proprietary Fund Financial Statements Required: Prepare statements for the proprietary funds accounted for in Parts 1 and 2 as follows: M A Statement of Revenues, Expenses, and Changes in Fund Net Position for the Year Ended December 31, 2020 C) A Statement of Net Position as of December 31, 2020 B A Statement of Cash Flows for the Year Ended December 31, 2020. include restricted assets as a part of cash and cash equivalents for this statement. (Assume any materials and stor attributable to construction in process were paid by yewend Complete this question by antaring your answers in the tabs below lateral Ince Sarv Energie Enterprise of New Sort of Som of Cam Prey Nest MacBook Air mework Cash Customer Accounts Receivable Katinated collectible Account Heceivable Material and Supplies Advance to stores and services and Restricted Assets Water Treatment Plant in Service Contention Work in Progress Lounalated Depreciation - Water Treatment plant Accounts Payable Revenue Bonds Payable et Positios Totale $ 102,000 $5,000 $ 4,500 28,000 30.000 117,000 4.200.000 203.000 1.200.000 96,500 2.100,000 959.000 14,700.000 14.760,000 Required: Record the following transactions in the general journal of the City of Monroe Water and Sewer Utility Fund. During the year, sales of water to non-government customers amounted to $1025,000 and sales of water to the General Fund (2) Collections from non-government customers amounted to $983,000. 3) The Stores and Services Fund repaid $15,000 of the long-term advance to the Water and Sewer Fund. 14) Materials and supolies in the amount of $261,000 were received. A liability in that amount was recorded 151 Materials and supplies were issued and were charged to the following accounts: cost of sales and services. $180,000: selling $15,000, administration $18.000, construction work in progress, $50,000 161 Payroll costs for the year totaled $416,200 plus $34.200 for the employer's share of payroll taxes. Of that amount $351.900 was paid in cash, and the remainder was withheld for taxes. The $450,400 (416,200 34200) was distributed as follows: cost of sales and services. $265,800, sales. $43.900, administration. 591400, construction work in progress, $49.300 17 Bond Interest (64%in the amount of $162,500 was paid 18 in accord with the revenue bond indenture. $25,000 cash was transferred from operating cash to restricted assets. (9) Construction projects at the water treatment plant reflected in the beginning balance of construction in process) were completed in the amount of $ 214,000, and the assets were placed in service. Payments for these amounts were made in the previous year no effect on 2020 Statement of Cash Flows) maj Collection efforts were discontinued on bis totaling $3,500. The unpaid receivables were written off i An analysis of customer receivable balances indicated the Estimated Uncollectible Accounts needed to be increased by $6,500 (12) Payment of accounts payable amounted to $332.000. Payments of payroll taxes totaled $95.200 (13) Supplies transferred from Stores and Services Fund amounted to $58,000 Cash in the amount of $50.000 was paid to the Stores and Services Fund for suppiles 054) Depreciation expense for the year was computed to be $267.000 Post the entries to the Water and Sewer Fund ledger accounts Prepare and post an entry closing all nominal accounts to Net Position. Compute the balance in the Net Position accounts, assuming the only restricted assets are those identified with the bond Indenture and the outstanding bonds are associated with the purchase of capital assets 6-C. Part 3. Proprietary Fund Financial Statements Required: Prepare statements for the proprietary funds accounted for in Parts 1 and 2 as follows: M A Statement of Revenues, Expenses, and Changes in Fund Net Position for the Year Ended December 31, 2020 C) A Statement of Net Position as of December 31, 2020 B A Statement of Cash Flows for the Year Ended December 31, 2020. include restricted assets as a part of cash and cash equivalents for this statement. (Assume any materials and stor attributable to construction in process were paid by yewend Complete this question by antaring your answers in the tabs below lateral Ince Sarv Energie Enterprise of New Sort of Som of Cam Prey Nest MacBook Air mework Cash Customer Accounts Receivable Katinated collectible Account Heceivable Material and Supplies Advance to stores and services and Restricted Assets Water Treatment Plant in Service Contention Work in Progress Lounalated Depreciation - Water Treatment plant Accounts Payable Revenue Bonds Payable et Positios Totale $ 102,000 $5,000 $ 4,500 28,000 30.000 117,000 4.200.000 203.000 1.200.000 96,500 2.100,000 959.000 14,700.000 14.760,000 Required: Record the following transactions in the general journal of the City of Monroe Water and Sewer Utility Fund. During the year, sales of water to non-government customers amounted to $1025,000 and sales of water to the General Fund (2) Collections from non-government customers amounted to $983,000. 3) The Stores and Services Fund repaid $15,000 of the long-term advance to the Water and Sewer Fund. 14) Materials and supolies in the amount of $261,000 were received. A liability in that amount was recorded 151 Materials and supplies were issued and were charged to the following accounts: cost of sales and services. $180,000: selling $15,000, administration $18.000, construction work in progress, $50,000 161 Payroll costs for the year totaled $416,200 plus $34.200 for the employer's share of payroll taxes. Of that amount $351.900 was paid in cash, and the remainder was withheld for taxes. The $450,400 (416,200 34200) was distributed as follows: cost of sales and services. $265,800, sales. $43.900, administration. 591400, construction work in progress, $49.300 17 Bond Interest (64%in the amount of $162,500 was paid 18 in accord with the revenue bond indenture. $25,000 cash was transferred from operating cash to restricted assets. (9) Construction projects at the water treatment plant reflected in the beginning balance of construction in process) were completed in the amount of $ 214,000, and the assets were placed in service. Payments for these amounts were made in the previous year no effect on 2020 Statement of Cash Flows) maj Collection efforts were discontinued on bis totaling $3,500. The unpaid receivables were written off i An analysis of customer receivable balances indicated the Estimated Uncollectible Accounts needed to be increased by $6,500 (12) Payment of accounts payable amounted to $332.000. Payments of payroll taxes totaled $95.200 (13) Supplies transferred from Stores and Services Fund amounted to $58,000 Cash in the amount of $50.000 was paid to the Stores and Services Fund for suppiles 054) Depreciation expense for the year was computed to be $267.000 Post the entries to the Water and Sewer Fund ledger accounts Prepare and post an entry closing all nominal accounts to Net Position. Compute the balance in the Net Position accounts, assuming the only restricted assets are those identified with the bond Indenture and the outstanding bonds are associated with the purchase of capital assets 6-C. Part 3. Proprietary Fund Financial Statements Required: Prepare statements for the proprietary funds accounted for in Parts 1 and 2 as follows: M A Statement of Revenues, Expenses, and Changes in Fund Net Position for the Year Ended December 31, 2020 C) A Statement of Net Position as of December 31, 2020 B A Statement of Cash Flows for the Year Ended December 31, 2020. include restricted assets as a part of cash and cash equivalents for this statement. (Assume any materials and stor attributable to construction in process were paid by yewend Complete this question by antaring your answers in the tabs below lateral Ince Sarv Energie Enterprise of New Sort of Som of Cam Prey Nest MacBook Air

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