account question help...................

part A done..... part b help required.... (yellow marked)

Edgerton William County has a duplication service center that it accounts for in an internal service fund. During 2015 Edgerton County duplication service center had the following transactions: 1. The general fund made an initial cash contribution of $35,000 to the internal service fund. 2. The Edgerton County duplication service center purchased copiers that were accounted for as Equipment and paid cash in the amount of $70,000. 3. The Edgerton County duplication service center borrowed $270,000 from a local bank to finance the purchase of additional equipment and renovation of its facilities. It issued a three-year note. 4. The Edgerton County duplication service center purchased the equipment for $160,000 and paid contractors $100,000 for improvements to its facilities - cash was paid. 5. The Edgerton County duplication service center billed the county clerk's office $5,000 for printing services; the duplication service center then received $2,500 cash from the county clerk's office. 6. The Edgerton County duplication service center incurred and paid in cash operating expenses for $9,000. 7. The Edgerton County duplication service center recognized depreciation in the amount of $1,500 on its equipment and recognized depreciation in the amount of $900 on the improvements to its facilities. Required: a. Prepare journal entries in the internal service fund. b. Which financial statements would be required for Edgerton County duplication service center for the year ended July 31, 2015? State the titles and show the general format of the classifications that would be reported in each of the required financial statement. Account/Description Debit Cash 35,000 Non Reciprocal Transfer in To record initial cash conrtibution Credit 35,000 Equipment 70,000 Non-Reciprocal Transfer in 70,000 To record the transfer of photocopiers Cash 270,000 Notes Payable 270,000 To record loan from bank Equipment 160,000 Improvement to Facilities 100,000 Cash 260,000 To record purchase of equipment and improvement on facilities Cash 2,500 Dues from Funds 2,500 Revenue from billing 5,000 To record print billing Operating Expenses 9,000 Cash 9,000 To record operating expenses Depreciation 2,400 Accumulated Depreciation on Equipment 1,500 Accumulated Depreciation on Improvements 900 To record depreciation