Required:

Part A. Prepare entries for the printing shop for 20X2, including closing entries.

Journal entries:

- Record rhe acquisitions of supplies, furniture, and office equipment.

- Record the billings for jobs completed.

- Record the collections on billings

- Record the costs of printing jobs

- Record the depreciation for the period.

- Record the payment of the approved vouchers

- Record the entry to close the nominal accounts

- Record the entry to close the profit and loss summary

- Record the entry to reclassify net assets as of the end of the period

Part B. Prepare a statement of net position for the fund on December 31, 20X2. No debt is relates to the year-end amount of the fund's capital assets.

Part C. Prepare a statement of revenues, expenditures, and changes in fund net assets for 20X2.

Part D. Prepare a statement of cash flows for 20X2.

Bellevue City's printing shop had the following trial balance on January 1, 20X2: Credit Debit $ 24,600 15,600 9.800 260,000 Cash Due from other rands Inventory of Supplies Furniture & Equipment Accumulated Depreciation Vouchers Payable Set Assets Invested in Capital Assets (no related debt) Unrestricted Total $ 50,000 12,000 210,000 38.000 $310,000 $310,000 Additional Information for 20x2 1. During 20X2, the printing shop acquired supplies for $96,000, furniture for $1,500, and a copier for $3,200 2. Printing jobs billed to other funds amounted to $292,000 cash received from other funds, $287300, costs of printing jobs, $204000, including $84,000 of supplies, operating expenses. 38,000, including $8,400 of supplies; depreciation expense, $23,000; and vouchers paid, $243,000, Required: Prepare entries for the printing shop for 20x2, including closing entries. (if no entsy is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction ist Journal entry worksheet b. Prepare a statement of net position for the fund on December 31, 20X2. No debt is related to the year-end amount of the fund's capital assets. (Amounts to be deducted should be indicated by minus sign.) BELLEVUE Printing Shop Fund Statement of Net Position December 31, 20X2 Assets Total Asset Lab Total bili Nut Position Total Netposition c. Prepare a statement of revenues, expenses, and changes in fund net assets for 20x2. BELLEVUE Printing Shop Fund Statement of Revenue, Expenses, and Changes in Fund Net Position For Fiscal Year Ended December 31, 20X2 Revenue: Expenses: 0 0 $ Net Position, January 1 Net Position, December 31 $ d. Prepare a statement of cash flows for 20x2. (Negative amounts and amounts to be deducted should be indicated by minus sign.) BELLEVUE CITY Internal Service Fund - Printing Shop Statement of Cash Flow For the Year Ended December 31, 20X2 Cash Flows from Operating Activities: 0 Cash Flows from Capital and Related Financing Activities Acquisition of Capital Assets Durniture and copiers $ $ O Reconciliation of Operating Income to Net Cash Provided by Operating Active Adjustments to Reconcile Operwing income to Net Chudby Open Ad Chanoined