chapter 6 - Jefferson County journal entries and General...

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Jefferson County - journal entries and General ledger Internal Service FundChapter 6DUE FROM Jefferson CountyCASH OTHER FUNDS SUPPLIES CAPITAL ASSETS Internal Service Fund Journal Entriesbb16,500 bb8,000 bb4,000 bb35,000 December 31, 201437,350 4 2 96,250 1 35,000 587,000 87,000 5 36,700 3 Account TitleDebits Credits 47,000 6 4 37,350 1Supplies35,000 7,500 7 Accounts Payable35,000 810,000 17,250 39,650 35,000 2Due from other funds96,250 21,650 Operating revenue: Charge for services96,250 ACCUMULATED ADVANCE FROM3Operating expenses- cost of services36,700 DEPRECIATION ACCOUNTS PAYABLE WAGES PAYABLE ENTERPRISE FUNDSupplies36,700 6,500 bb5,500 bb300 bb25,000 bb6,900 9 35,000 1 6 300 7 7,500 4Accounts Payable37,350 4 37,350 530 11 Cash37,350 5Cash87,000 13,400 3,150 530 17,500 Due from other funds87,000 OPERATING REVENUE: 6Operating expenses- cost of services46,700 BANK NOTE PAYABLE INTEREST PAYABLE NET ASSETS(POSITION) CHARGES FOR SERVICEWages Payable300 10,000 8 600 10 26,200 bb96,250 2 Cash47,000 7Advance from enterprise fund7,500 Cash7,500 10,000 600 26,200 96,250 8Cash10,000 Bank note Payable10,000 OPERATING EXPENSES OPERATING EXPENSES NONOPERATING EXPENSES COST OF SERVICES DEPRECIATION EXPENSE

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