The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017,
Question:
Using the information provided in exercise 6-4, prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the bottom of the December 31 Statement of Cash Flows. Recall that the beginning balance of all assets and liabilities is zero?
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Debits Credits S 100,000 28,000 Accounts payable Accounts receivable Accrued interest payable Accumulated depreciation Administrative and selling expenses Allowance for uncollectible accounts Capital assets Cash Charges for sales and services Cost of sales and services Depreciation expense Due from General Fund Interest expense Interest revenue Transfer in from General Fund Revenue bonds payable Supplies inventory $ 25,000 45,000 47,000 2.000 705,000 90,000 550,000 492,000 45,000 17,000 40,000 4,000 115,000 625,000 18,000 Totals
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Related Book For
Essentials of Accounting for Governmental and Not for Profit Organizations
ISBN: 978-1259741012
13th edition
Authors: Paul A. Copley
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