The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned and operated vehicles. The Central Garage Fund's preclosing trial balance for the current fiscal year is as follows: Credits Debits $132, 100 11,300 100,000 59,500 300, 500 Cash Due from Other Funds Inventory of Supplies Land Building Allowance for Depreciation-Building Machinery and Equipment Allowance for Depreciation Machinery and Equipment Vouchers Payable Het position-Not Investment in capital et et position Unrestricted $ 24,100 78.400 14.400 37.100 399,900 214.300 S609,800 5689,500 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year. 1. Supplies were purchased on account for $110.500; the perpetual Inventory method is used. 2. The cost of supplies used during the year was $132.100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 at cost. 3. Salaries and wages paid to employees totaled $281,900, including related costs. 4. Billings totaling $36.000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $32.400 of the amount owed. (At the government wide level, record the payable amount as Internal Balances) 5. Depreciation of the building was recorded in the amount of $11.900; depreciation of the machinery and equipment amounted to $10.800 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year: 1. Supplies were purchased on account for $110,500; the perpetual inventory method is used. 2. The cost of supplies used during the year was $132,100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 at cost. 3. Salaries and wages paid to employees totaled $281.900, including related costs. 4. Billings totaling $36,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $32,400 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.) 5. Depreciation of the building was recorded in the amount of $11.900: depreciation of the machinery and equipment amounted to $10,800. 6. Billings to other departments for services provided to them were as follows: General Fund Special Revenue Fund $324,000 152,300 7. Unpaid interfund receivable balances were as follows: Beginning of Year S3, 100 8,200 End of Year $ 3,600 11,300 General Fund Special Revenue Fund 8. Vouchers payable at year-end were $19,100. 9. Closing entries were prepared for the Central Garage Fund (ignore government-wide closing entry) a 1. Assume all expenses at the government-wide level are charged to the General Government function. Prepare journal entries to record all of the transactions for this period in the Central Garage Fund accounts and in the governmental activities accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Debit Credit Transaction Fund / Governmental General Journal Activties 1 Supplies were purchased on account for $110,500, the perpetual inventory method is used 1 Internal Service Fund Governmental Activities 2 The cost of supplies used during the year was $132.100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 of cost 2 internal Service Fund Governmental Activities 3 Satanes and wages paid to employees totaled $281,900, including related costs 3 Internal Service Fund Governmental Activities 4 Beings totaling $36,000 wore received from the enterprise fund for utility charges The Central Garage Fund paid $32 400 of the amount owed (At the government wide level, record the payable amount as Internal Balances 4 Internal Service Fund Governmental Activities 5. Depreciation of the building was recorded in the amount of $11.900, depreciation of the machinery and equipment amounted to $10.800 5 Internal Service Fund 5. Depreciation of the building was recorded in the amount of $11 900, depreciation of the machinery and equipment amounted to $10,800 5 Internal Service Fund Governmental Activities 6. Record the billings to other departments 6 Internal Service Fund Governmental Activities 7 Record the dues received from other funds 7 Internal Service Fund 7. Record the dues received from other funds 7 Internal Service Fund Governmental Activities 8. Vouchers payable at year-end were $19,100 8 Internal Service Fund Governmental Activities a-2. Prepare closing entries for the Central Garage Fund (ignore government wide closing entry) of no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field.) Debit Credit Transaction Fund Governmental Activies General Journal 9 Closing entries were prepared for the Central Garage Fund (ignoro government wide closing entry) 9 Internal Service Fund Prepare the closing entry for the expenses 95 Record the operating lossprobit for the year BC Rocord the not change in investment in capital assets 9c Record the net change in investment in capital assets The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned and operated vehicles. The Central Garage Fund's preclosing trial balance for the current fiscal year is as follows: Credits Debits $132, 100 11,300 100,000 59,500 300, 500 Cash Due from Other Funds Inventory of Supplies Land Building Allowance for Depreciation-Building Machinery and Equipment Allowance for Depreciation Machinery and Equipment Vouchers Payable Het position-Not Investment in capital et et position Unrestricted $ 24,100 78.400 14.400 37.100 399,900 214.300 S609,800 5689,500 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year. 1. Supplies were purchased on account for $110.500; the perpetual Inventory method is used. 2. The cost of supplies used during the year was $132.100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 at cost. 3. Salaries and wages paid to employees totaled $281,900, including related costs. 4. Billings totaling $36.000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $32.400 of the amount owed. (At the government wide level, record the payable amount as Internal Balances) 5. Depreciation of the building was recorded in the amount of $11.900; depreciation of the machinery and equipment amounted to $10.800 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year: 1. Supplies were purchased on account for $110,500; the perpetual inventory method is used. 2. The cost of supplies used during the year was $132,100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 at cost. 3. Salaries and wages paid to employees totaled $281.900, including related costs. 4. Billings totaling $36,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $32,400 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.) 5. Depreciation of the building was recorded in the amount of $11.900: depreciation of the machinery and equipment amounted to $10,800. 6. Billings to other departments for services provided to them were as follows: General Fund Special Revenue Fund $324,000 152,300 7. Unpaid interfund receivable balances were as follows: Beginning of Year S3, 100 8,200 End of Year $ 3,600 11,300 General Fund Special Revenue Fund 8. Vouchers payable at year-end were $19,100. 9. Closing entries were prepared for the Central Garage Fund (ignore government-wide closing entry) a 1. Assume all expenses at the government-wide level are charged to the General Government function. Prepare journal entries to record all of the transactions for this period in the Central Garage Fund accounts and in the governmental activities accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Debit Credit Transaction Fund / Governmental General Journal Activties 1 Supplies were purchased on account for $110,500, the perpetual inventory method is used 1 Internal Service Fund Governmental Activities 2 The cost of supplies used during the year was $132.100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 of cost 2 internal Service Fund Governmental Activities 3 Satanes and wages paid to employees totaled $281,900, including related costs 3 Internal Service Fund Governmental Activities 4 Beings totaling $36,000 wore received from the enterprise fund for utility charges The Central Garage Fund paid $32 400 of the amount owed (At the government wide level, record the payable amount as Internal Balances 4 Internal Service Fund Governmental Activities 5. Depreciation of the building was recorded in the amount of $11.900, depreciation of the machinery and equipment amounted to $10.800 5 Internal Service Fund 5. Depreciation of the building was recorded in the amount of $11 900, depreciation of the machinery and equipment amounted to $10,800 5 Internal Service Fund Governmental Activities 6. Record the billings to other departments 6 Internal Service Fund Governmental Activities 7 Record the dues received from other funds 7 Internal Service Fund 7. Record the dues received from other funds 7 Internal Service Fund Governmental Activities 8. Vouchers payable at year-end were $19,100 8 Internal Service Fund Governmental Activities a-2. Prepare closing entries for the Central Garage Fund (ignore government wide closing entry) of no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field.) Debit Credit Transaction Fund Governmental Activies General Journal 9 Closing entries were prepared for the Central Garage Fund (ignoro government wide closing entry) 9 Internal Service Fund Prepare the closing entry for the expenses 95 Record the operating lossprobit for the year BC Rocord the not change in investment in capital assets 9c Record the net change in investment in capital assets