Ch_11_sm_Excel Solution Files_9e

Governmental and Nonprofit Accounting: Theory and Practice, Update (9th Edition)

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Problem 11-5 (a) METRO SCHOOL DISTRICT Repair Shop (Internal Service) Fund Worksheet for the Year Ended December 31, 20X6 Trial Balance Transactions and Preclosing Trial Balance January 1, 20X6 Adjustments December 31, 20X6 Closing Entries Balance Sheet Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 30,000 (6) 27,900 12,000 (3) 11,100 11,100 3,500 (4) 300 (7) 1,000 (8) 30,000 (10) Due from Other Funds 40,000 (5) 29,500 27,900 (6) 41,600 41,600 Inventory 10,000 (1) 20,000 7,000 (2) 23,000 23,000 Building 35,000 35,000 35,000 Equipment 100,000 (7) 8,000 108,000 108,000 Accumulated Depreciation--Building 12,000 2,000 (9) 14,000 14,000 Accumulated Depreciation--Equipment 30,000 4,000 (9) 34,000 34,000 Vouchers Payable 35,000 (10)
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Unformatted text preview: 30,000 20,000 (1) 25,000 25,000 Net Assets 138,000 138,000 900 (C2) 138,900 215,000 215,000 Materials Expenses (2) 7,000 7,000 7,000 (C1) Salaries and Wages Expense (3) 12,000 12,000 12,000 (C1) Utilities Expense (4) 3,500 3,500 3,500 (C1) Billings to Department 29,500 (5) 29,500 (C1) 29,500 Obligations Under Capital Leases (8) 900 7,700 (7) 6,800 6,800 Interest Expense (8) 100 100 100 (C1) Depreciation Expense--Building (9) 2,000 2,000 2,000 (C1) Depreciation Expense--Equipment (9) 4,000 4,000 4,000 (C1) 144,900 144,900 247,300 247,300 Excess of Billings to Departments over Costs (Expenses) (C2) 900 900 (C1) 30,400 30,400 218,700 218,700...
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This document was uploaded on 03/11/2012.

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