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Part 2 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017, the last day of its fiscal
Part 2
The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.
Debits | Credits | |||||
Accounts payable | $ | 104,000 | ||||
Accounts receivable | $ | 26,100 | ||||
Accrued interest payable | 29,200 | |||||
Accumulated depreciation | 47,000 | |||||
Administrative and selling expenses | 49,000 | |||||
Allowance for uncollectible accounts | 12,500 | |||||
Capital assets | 709,000 | |||||
Cash | 90,500 | |||||
Charges for sales and services | 555,000 | |||||
Cost of sales and services | 497,000 | |||||
Depreciation expense | 47,000 | |||||
Due from General Fund | 17,200 | |||||
Interest expense | 40,400 | |||||
Interest revenue | 6,000 | |||||
Transfer in from General Fund | 115,400 | |||||
Revenue bonds payable | 625,500 | |||||
Supplies inventory | 18,400 | |||||
Totals | $ | 1,494,600 | $ | 1,494,600 | ||
Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the bottom of the December 31 Statement of Cash Flows. Recall that the beginning balance of all assets and liabilities is zero. (Negative amounts should be indicated with a minus sign.)
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