18-8 - E18-8 a Entries for Enterprise Fund: 1 Accounts...

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E18-8 a Entries for Enterprise Fund: 1 Accounts Receivable 420,000 Revenue 420,000 to record charges to customers Cash 432,000 Accounts Receivable 432,000 to record collections on account 2 Cash 30,000 Due to General Fund 30,000 to record loan from general fund 3 Plant and Equipment 75,000 Contracts Payable 75,000 to record extension of water and gas lines Contracts Payable 75,000 Cash 75,000 to record payment for extended lines 4 Inventory of Supplies 12,400 Operating Expenses 328,000 Interest Expense 30,000 Due to Central Stores Fund 12,400 Vouchers Payable 328,000 Interest Payable 30,000 to record expenses Due to Central Stores Fund 12,400 Vouchers Payable 325,000 Interest Payable 30,000 Cash 367,400 to record payment of vouchers, interest and payment to central stores 5 Bad Debt Expense 6,300 Allowance for Uncollectibles 6,300 to adjust for bad debts expense Depreciation Expense 32,000 Accumulated Depreciation 32,000 to record depreciation for period Supplies Expense 15,200 Inventory of Supplies 15,200
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This note was uploaded on 04/18/2008 for the course ACCT cost taught by Professor Staff during the Spring '08 term at Oklahoma State.

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18-8 - E18-8 a Entries for Enterprise Fund: 1 Accounts...

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