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position table [ [ , 1 2 8 , 5 0 0 ] , [ $ 2 3 0 , 5 0 0 ,
position
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ired:
pen a general joumal for the City of Monroe Stores and Service Fund and record the ollowing transactions.
A budget was prepared for FY It was estimated that the price charged other departments for supplies should be of cost to achieve the desire breakeven for the year.
The amount due from qther funds as of January was collected in full
During the year, supplies were ordered and received in the amount of $ This amount was posted to accounts payable.
$ of the advance from the Water Utility Fund, originally provided for construction, was repaid. No interest is charged.
During the year, supplies costing $ were issued to the General Fund, supplies costing $ were issued to the Water Utility Fund. These fund were charged based on the previously determined markup $ to General Fund and to the Water Utility Fund
Operating expenses, exclusive of depreciation, were recorded in accounts payable as follows: Purchasing. $; Warehousing. $; Delivery. $; and Administrative, $
Cash was received from the General Fund in the amount of $ and frot the Water Utility Fund in the amount of $
Accounts payable were paid in the amount of $
Depreciation in the amount of $ was recorded for buildings and $ equipment.
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