{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T04:02:09-04:00", "answer_date": "2024-05-28 04:02:09", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1817070", "url": "\/study-help\/questions\/exercise-68-algo-the-village-of-parry-reported-the-following-1817070", "question_creation_date_js": "2024-05-28T04:02:09-04:00", "question_creation_date": "May 28, 2024 04:02 AM", "meta_title": "[Solved] Exercise 6-8 (Algo) The Village of Parry | SolutionInn", "meta_description": "Answer of - Exercise 6-8 (Algo) The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2 | SolutionInn", "meta_keywords": "exercise,6-8,algo,village,parry,reported,print,shop,fund,year,ended,april", "question_title_h1": " Exercise 6-8 (Algo) The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2020. VILLAGE OF", "question_title": " Exercise 6-8 (Algo) The Village of Parry reported the following for", "question_title_for_js_snippet": "Exercise 6 8 (Algo) The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2020 VILLAGE OF PARRY PRINT SHOP FUND Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended April 30, 2020 Operating revenues Operating expenses Charges for services Salaries and benefits Depreciation Supplies used Utilities Total operating expenses Income from operations $1,162,000 $524,000 317,400 215,600 76,300 1,133,300 28,700 Nonoperating income (expenses) Interest revenue 5,100 Interest expense (6,800) Total nonoperating expenses (1,700) Income before transfers 27,000 Transfers in 242,000 Changes in net position 269,000 Net position beginning Net position ending 1,136,000 $1,405,000 The Print Shop Fund records also revealed the following 1 Contribution from General Fund for working capital needs 2 Contribution from General Fund for purchase of equipment 3 Loan (interest free) from Water Utility Fund for purchase of equipment 4 Purchase of equipment 5 Purchase of one year investments 6 Paid off a bank loan outstanding at May 1, 2019 The loan was for short term operating purposes and was the only interest bearing debt outstanding 7 Signed a capital lease on April 30, 2020 $ 114,000 128,000 317,000 (516,000) (66,000) (78,100) $ 62,300", "question_description": "\"image\"image\"image", "transcribed_text": "Exercise 6-8 (Algo) The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2020. VILLAGE OF PARRY-PRINT SHOP FUND Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended April 30, 2020 Operating revenues: Operating expenses: Charges for services Salaries and benefits Depreciation Supplies used Utilities Total operating expenses Income from operations $1,162,000 $524,000 317,400 215,600 76,300 1,133,300 28,700 Nonoperating income (expenses): Interest revenue 5,100 Interest expense (6,800) Total nonoperating expenses (1,700) Income before transfers 27,000 Transfers in 242,000 Changes in net position 269,000 Net position-beginning Net position-ending 1,136,000 $1,405,000 The Print Shop Fund records also revealed the following: 1. Contribution from General Fund for working capital needs 2. Contribution from General Fund for purchase of equipment 3. Loan (interest-free) from Water Utility Fund for purchase of equipment 4. Purchase of equipment 5. Purchase of one-year investments 6. Paid off a bank loan outstanding at May 1, 2019 The loan was for short-term operating purposes and was the only interest-bearing debt outstanding 7. Signed a capital lease on April 30, 2020 $ 114,000 128,000 317,000 (516,000) (66,000) (78,100) $ 62,300", "related_book": { "title": "Financial and Managerial Accounting", "isbn": "978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978", "edition": "3rd Edition", "authors": "Horngren, Harrison, Oliver", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/69.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-3rd-edition-69", "see_more_uri": "" }, "free_related_book": { "isbn": "1585034010", "uri": "\/textbooks\/engineering-graphics-technical-sketching-series-5-1st-edition-978-1585034017-189102", "name": "Engineering Graphics Technical Sketching Series 5", "edition": "1st Edition" }, "question_posted": "2024-05-28 04:02:09", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/sharlee-drove-at-an-average-speed-of-35-mih-from-663475", "description": "Single PlantwideandMultiple Production Department Factory Overhead Rate Methodsand Product Cost Distortion The management of Nova Industries Inc. manufactures gasoline and diesel engines through two...", "stars": 3 }, { "url": "\/it-has-been-said-that-surveys-show-that-consumers-hate", "description": "It has been said that surveys show that consumers hate advertising, but like specific ads. 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