PART 1

Instructions:

Fund has the following balances at the end of the prior year, June 30, 2022: Debits Credits Cash S 200,000 Customer Accounts Receivable 50,000 Estimated Uncollectible Accounts Receivable 4.000 Facilities 4,300,000 Accumulated Depreciation 1,300,000 Accounts Payable 40.000 Revenue Bonds Payable 3,000,000 Net Position 206.000 $ 4.550.000 $ 4.550,000ENTERPRISE FUND JOURNAL ENTRIES CUSTOMER EST. UNCOLLECTIBLE DUE FROM Account Titles Debits Credits CASH ACCTS RECEIVABLE ACCTS RECIEVABLE GENERAL FUND bb 200 000 bb bb bb b 200,000 ACCUMULATED FACILITIES DEPRECIATION bb bb PAYROLL REVENUE NET POSITION ACCOUNTS PAYABLE TAXES PAYABLE BONDS PAYABLE [beginning) bb bb bb REVENUES - CHARGES EXPENSES EXPENSES EXPENSES FOR SERVICES IATERIALS & SUPPLIE: PERSONAL SERVICES ONTRACTUAL SERVICE EXPENSES EXPENSES INTEREST DEPRECIATION Check formulas Total Debits 200,000 Total Credits Beg Bal Debits 200,000 Beg Bal CreditsEnterprise Fund Closing Entry and Net Position Classification Account Title Debits Credits ET POSITION (ending Operating revenue - charges for services Preclosing [beg bal] Net Position Closing entry [net] Expenses - Materials & Supplies Expenses - Personal Services Expenses - Contractual Services Expenses - Depreciation Nonoperating expense - interestEnterprise Fund Enterprise Fund Statement of Revenues, Expenses, and Changes in Fund Statement of Net Position Net Position Assets Current Assets Operating Revenues Cash Charges for Services Customer Accounts Receivable (Net) Total Operating Revenues Due from Other Funds Total Current Assets - Operating Expenses Materials & Supplies Noncurrent Assets Personal Services Capital Assets, Net of Accumulated Depreciation Contractual Services Total Noncurrent Assets - Depreciation Total Assets - Total Operating Expenses Operting Income (loss) Liabilities Current Liabilities Nonoperating Expenses Accounts Payable Interest Expense Payroll Taxes Payable Change in Net Position Total Current Liabilities - Net Position, July 1 Net Position, June 30 3 Noncurrent Liabilities Revenue Bonds Payable Total Noncurrent Liabilities - Total Liabilities - Net Position check s