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The adjusted trial balance of the Town of Origno Internal Service Fund on June 30, 2006, was as follows: Debit Credit $ 4,300 Cash Receivable
The adjusted trial balance of the Town of Origno Internal Service Fund on June 30, 2006, was as follows: Debit Credit $ 4,300 Cash Receivable from Enterprise Fund 3,000 Inventory of supplies (first-in, first-out cost) 32,150 Land 71,050 Building 313,750 Machinery and equipment 66,400 Accumulated depreciation of building, machinery, and equipment $163,900 Vouchers payable 7,150 318,400 Net Assets, July 1, 2005 Charges for services 81,200 Personal services expense 10,600 Supplies expense 42,150 Heat, light, and power expense 3,050 Depreciation expense 24,200 Totals $570.650 $570,650 NT Assrs : Prepare a statement of for the Town of Origno Internal Service Fund for the fiscal year ended June 30, 2006
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