On March 10-2002- the supplies fund notified the city that it owned $1.docx
On March 10-2002- the supplies fund notified the city that it owned $1.docx
On March 10,2002, the supplies fund notified the city that it owned $1,500 for supplies used that cost $1,200. The supplies fund also notified the city\'s water utility fund that it owed $3,400 for supplies used that cost $2,700. What are the general journal entries? Solution ISF Due from GF 1,500 GT Due from EF 3400 Due from EF 3,400 Billings to Depts 3400 Bill to Depts 4,900 ISF: NP-UR GO UP 4,900 GTA(governmental type activity) NP-UR GO UP 3400 ISF Cost of Supp 3,900 GT Supp Exps 3,900 Supp 3,900 Supp Inv 3,900 ISF: NP-UR GO DOWN 3900 GTA NP-UR go down 3900 GF Expd 1,500 GT NE Due to ISF 1,500 GF: FB-Spendable-Unassigned ? 1,500 NO impact EF Exps 3,400 BT SAME Due to ISF 3,400 NP-UR ? 3400 BTA(business type activity) NP-UR GO DOWN 3400 .
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On March 10-2002- the supplies fund notified the city that it owned $1.docx
- 1. On March 10,2002, the supplies fund notified the city that it owned $1,500 for supplies used that cost $1,200. The supplies fund also notified the city's water utility fund that it owed $3,400 for supplies used that cost $2,700. What are the general journal entries? Solution ISF Due from GF 1,500 GT Due from EF 3400 Due from EF 3,400 Billings to Depts 3400 Bill to Depts 4,900 ISF: NP-UR GO UP 4,900 GTA(governmental type activity) NP-UR GO UP 3400 ISF Cost of Supp 3,900 GT Supp Exps 3,900 Supp 3,900 Supp Inv 3,900 ISF: NP-UR GO DOWN 3900 GTA NP-UR go down 3900 GF Expd 1,500 GT NE Due to ISF 1,500 GF: FB-Spendable-Unassigned ? 1,500 NO impact EF Exps 3,400 BT SAME Due to ISF 3,400 NP-UR ? 3400 BTA(business type activity) NP-UR GO DOWN 3400