The Newaygo High School Food Service Fund from Newaygo School District 5 has the following trial balance at the beginning of the school year.

The following transactions took place during the fiscal year ended August 31:

Transcribed Image Text:

Cash Investments Due from general fund Due from state government Due from federal government Inventories Equipment Newaygo School District 5 Newaygo High School Food Service Fund An Enterprise Fund Trial Balance September 1 Accumulated depreciation-equipment Accounts payable Due to general fund Retained earnings Total Debit Credit $25,000 33,000 11,200 3,500 8,900 15,000 75,000 $19,000 27,000 1,200 124,400 $171,600 $171,600