Problem 16-11

WOLLUGI 4UUUUU HUQUIUI J10,000 wos received. December 30 --- The contractor was mailed a check for $540,000. In addition, vouchers for $76.600 were prepared and paid for items on the project that were not encumbered, In addition - The next assessment installment was reclassified upon special direction of the citveni and an amount equal to project expenditures to date was capitalized. Required For each of the preceding events, prepare the journal entries for all of the funds and er of accounts involved, using the following format: Date Fund or Account Group Entry Required Problem 16-11 (LO 2) Internal service fund, statement of cash flows. Prepare a statement of cash flows for the internal service fund of the city of Boniville from the following information: Cash on hand at the beginning of the year ............. Interest from investments ...... Wages and salaries paid ............ Purchases of supplies.......... Collections (for services) from other funds. Interest paid on long-term debt Repayment of loans from other funds.. Purchase of capital assets ............ Proceeds of revenue bonds ............ Purchase of investments..... Proceeds from sale of capital assets .......... Proceeds from sale of investments Loans from other funds...... $ 122 145 (3,100) (1,650) 6,000 (150) (680) 1900) 900 (440) 600 Problem 16-12 (LO 2) Internal service fund. The city of Cloverville operates a central computer center through an internal service fund. The Computer Internal Service Fund was