6C- Entry letter b"M": Bring in the balances of the internal service fund balance sheet accounts. Again, use a single account for all capital assets and a second account for all accumulated depreciation balances (use a separate column of the worksheet to enter Internal Service Fund entries)

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No Transaction General Journal Debit Credit No Journal Entry Required 1 01 2 02 Cash 27,000 Due from Other Funds 27,000 Materials and Supplies 03 307,000 Accounts Payable 307,000 4 04 Advance from Water Utility Fund 15,000 15,000 Cash Due from Other Funds 371,200 5 5a 371,200 Operating Revenues-Charges for Sales & Services 6 5b Operating Expenses-Costs of Sales & Services 296,960 Materials and Supplies 296,960 49,400 06 7 Operating Expenses- -Costs of Sales & Services 9,000 Operating Expenses-Administration Accounts Payable 58,400 8 07 Cash 360,000 Due from Other Funds 360,000 08 Accounts Payable 365,000 9 Cash 365,000 14,600 10 09 Operating Expenses-Depreciation Accumulated Depreciation-Buildings 10,000 Accumulated Depreciation-Equipment 4,600 Cl 11 Operating Revenues-Charges for Sales & Services 371,200 Net Position 1,240 Operating Expenses-Costs of Sales & Services 346,360 Operating Expenses-Administration 9,000 14,600 Operating Expenses-Depreciation Statement of Revenues, Expenses, and Changes in Fund Net Position For the Year Ended December 31, 2017 Business-Type Activities Enterprise Funds Water and Sewer Governmental Activities Internal Service Funds Operating Revenues: 1,049,500 $ $ Charges for Sales and Services 371,200 1,049,500 371,200 Total Operating Revenues Operating Expenses: 435,300 Cost of Sales and Services 346,360 Selling 58,900 109,400 Administration 9,000 282,000 Depreciation 14,600 Total Operating Expenses 369,960 885,600 163,900 Operating Income 1,240 Nonoperating Expenses: Interest Expense 145,500 1,240 Change in Net Position 18,400 Net Position, January 1, 2017 959,000 126,500 127,740 977,400 Net Position, December 31, 2017 F F F 1,018,000 37.000 1 01 Customer Accounts Recevable Due From General Fund 1,055,000 Operating Revenues-Charges for Sales & Services 2 Cash 976.000 02 976,000 Customer Accounts Receivable 3 15,000 03 Cash Advance to Stores and Services Fund 15.000 4 Materials and Supplies 04 261,000 Accounts Payable 261.000 5 Operating Expenses-Costs of Sales & Services. 05 rating Expe laistraton 18 000 Construction Work in Progress 50.000 252.500 Materials and Supplies 6 Operating Expenses-Costs of Sales & Services 265,800 Operating Expenses-Selling 43,900 tration Construction Work in Procress - 49300 Payroll Taxes Pavable 98,500 Cash 351.900 7 Nonoperating Expenses-Interest 162.500 Cash 162,500 8 Construction Work in ProgresS 17,000 Nonoperating Expenses-Interest 17.000 9 09 Water Treatment Plant 203,000 Construction Work in Progress 203.000 10 Estimated Uncollectible Accounts. 2,890 Customer Accounts Receivabler 2,890 1 11 Operating Revenues-Charges for Sales & Services 5,500 Estimated Uncollectible Accounts. 5.500 Accounts Payable 12 12 302.000 Payroll Taxes Payable 95.200 Cash 397,200 Materials and Supplies 13a 58.000 Due to Stores and Services Fund 58.000 Due to Stores and Services Fund 13b 50,000 Cash 50,000 Operating Expenses--Depreciation 14 15 282,000 Accumulated Depreciation 282.000 16 15 Restricted Assets 25,000 Cash 25.000 Operating Revenues-Charges for Sales & Services 16 17 1,049.500 Net Position 18,400 Operating Expenses-Costs of Sales & Services 435.300 Operating Expenses-Seling 58.900 109.400 Operating Expenses-Administration Operating Expenses-Depreciation 282.000 145.500 Nonoperating Expenses-Interest No Transaction General Journal Debit Credit No Journal Entry Required 1 01 2 02 Cash 27,000 Due from Other Funds 27,000 Materials and Supplies 03 307,000 Accounts Payable 307,000 4 04 Advance from Water Utility Fund 15,000 15,000 Cash Due from Other Funds 371,200 5 5a 371,200 Operating Revenues-Charges for Sales & Services 6 5b Operating Expenses-Costs of Sales & Services 296,960 Materials and Supplies 296,960 49,400 06 7 Operating Expenses- -Costs of Sales & Services 9,000 Operating Expenses-Administration Accounts Payable 58,400 8 07 Cash 360,000 Due from Other Funds 360,000 08 Accounts Payable 365,000 9 Cash 365,000 14,600 10 09 Operating Expenses-Depreciation Accumulated Depreciation-Buildings 10,000 Accumulated Depreciation-Equipment 4,600 Cl 11 Operating Revenues-Charges for Sales & Services 371,200 Net Position 1,240 Operating Expenses-Costs of Sales & Services 346,360 Operating Expenses-Administration 9,000 14,600 Operating Expenses-Depreciation Statement of Revenues, Expenses, and Changes in Fund Net Position For the Year Ended December 31, 2017 Business-Type Activities Enterprise Funds Water and Sewer Governmental Activities Internal Service Funds Operating Revenues: 1,049,500 $ $ Charges for Sales and Services 371,200 1,049,500 371,200 Total Operating Revenues Operating Expenses: 435,300 Cost of Sales and Services 346,360 Selling 58,900 109,400 Administration 9,000 282,000 Depreciation 14,600 Total Operating Expenses 369,960 885,600 163,900 Operating Income 1,240 Nonoperating Expenses: Interest Expense 145,500 1,240 Change in Net Position 18,400 Net Position, January 1, 2017 959,000 126,500 127,740 977,400 Net Position, December 31, 2017 F F F 1,018,000 37.000 1 01 Customer Accounts Recevable Due From General Fund 1,055,000 Operating Revenues-Charges for Sales & Services 2 Cash 976.000 02 976,000 Customer Accounts Receivable 3 15,000 03 Cash Advance to Stores and Services Fund 15.000 4 Materials and Supplies 04 261,000 Accounts Payable 261.000 5 Operating Expenses-Costs of Sales & Services. 05 rating Expe laistraton 18 000 Construction Work in Progress 50.000 252.500 Materials and Supplies 6 Operating Expenses-Costs of Sales & Services 265,800 Operating Expenses-Selling 43,900 tration Construction Work in Procress - 49300 Payroll Taxes Pavable 98,500 Cash 351.900 7 Nonoperating Expenses-Interest 162.500 Cash 162,500 8 Construction Work in ProgresS 17,000 Nonoperating Expenses-Interest 17.000 9 09 Water Treatment Plant 203,000 Construction Work in Progress 203.000 10 Estimated Uncollectible Accounts. 2,890 Customer Accounts Receivabler 2,890 1 11 Operating Revenues-Charges for Sales & Services 5,500 Estimated Uncollectible Accounts. 5.500 Accounts Payable 12 12 302.000 Payroll Taxes Payable 95.200 Cash 397,200 Materials and Supplies 13a 58.000 Due to Stores and Services Fund 58.000 Due to Stores and Services Fund 13b 50,000 Cash 50,000 Operating Expenses--Depreciation 14 15 282,000 Accumulated Depreciation 282.000 16 15 Restricted Assets 25,000 Cash 25.000 Operating Revenues-Charges for Sales & Services 16 17 1,049.500 Net Position 18,400 Operating Expenses-Costs of Sales & Services 435.300 Operating Expenses-Seling 58.900 109.400 Operating Expenses-Administration Operating Expenses-Depreciation 282.000 145.500 Nonoperating Expenses-Interest