7. Unpaid interfund receivable balances were as follows:

	Beginning of Year				End of Year
General Fund	$	2,500			$	3,000
Special Revenue Fund		6,500				9,000

Required information [The following information applies to the questions displayed belowj The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned-and-operated vehicles. The Central Garage Fund's preclosing trial balance for the current fiscal year is as follows Debits $110,000 9,000 90,000 50,000 250,000 Credits Cash Due from Other Funds Inventory of Supplies Land Building Allowance for Depreciation-Building Machinery and Equipment Allowance for Depreciation-Machinery and Equipment Vouchers Payable Net Position-Net Investment in Capital Assets Net Position-Unrestricted $ 20,000 65,000 12,000 31,000 333,000 178,008 $574,000 $574,000 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year: 1. Supplies were purchased on account for $92,000; the perpetual inventory method is used. 2. The cost of supplies used during the year was $110,000. A physical count taken as of that date showed materials and supplies on hand totaled $72,000 at cost. 3. Salaries and wages paid to employees totaled $235,000, including related costs 4. Billings totaling $30,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $27,000 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.) 5. Depreciation of the building was recorded in the amount of $10,000; depreciation of the machinery and equipment amounted to $9,000 6. Billings to other departments for services provided to them were as follows: General Fund Special Revenue Fund $270,000 127,000 7. Unpaid interfund receivable balances were as follows: 8. Vouchers payable at year-end were $16,000. 9. Closing entries were Prepared for the Central Garage Fund (ignore government-wide closing entry) a-1 Assume all expenses at the government-wide level are charged to the General Government function. Prepare journal entries to record all of the transactions for this period in the Central Garage Fund accounts and in the governmental activities accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Fund / Governmental Activties Transaction General Journal Debit Credit 1. Supplies were purchased on account for $92,000; the perpetual inventory method is used 1 Internal Service Fund Governmental Activities The cost of supplies used during the year was $110,000. A physical count taken as of that date showed materials and supplies on hand totaled $72,000 at cost. Internal Service Fund Governmental Activities 3. Salaries and wages paid to employees totaled $235,000, including related costs Internal Service Fund 3. Salaries and wages paid to employees totaled $235,000, including related costs Internal Service Fund Governmental Activities 4. Billings totaling $30,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $27,000 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.) 4 Internal Service Fund Governmental Activities 5. Depreciation of the building was recorded in the amount of $10,000; depreciation of the machinery and equipment amounted to $9,000. Internal Service Fund Governmental Activities 6. Record the billings to other departments. Internal Service Fund 6. Record the billings to other departments. Internal Service Fund Governmental Activities 7. Record the dues received from other funds 7 Internal Service Fund Governmental Activities 8. Vouchers payable at year-end were $16,000 Internal Service Fund Governmental Activities