The City of Meringen operates a central garage through an internal service fund to provide garage space and repairs for all city-owned and operated vehicles. The central garage fund was established by a contribution of $200,000 from the general fund, when the building was acquired several years ago. The postclosing trial balance at June 30, 2016, was as follows:

The following information applies to the fiscal year ended June 30, 2017:
1. Materials and supplies were purchased on account for $74,000.
2. The inventory of materials and supplies at June 30, 2017, was $58,000, which agreed with the physical count taken.
3. Salaries and wages paid to employees totaled $230,000, including related costs.
4. A billing was received from the enterprise fund for utility charges totaling $30,000, and it was paid.
5. Depreciation of the building was recorded in the amount of $5,000. Depreciation of the machinery and equipment totaled $8,000.
6. Billings to other departments for services rendered to them were as follows:
General fund .........................$262,000
Water and sewer fund ............... 84,000
Special revenue fund ................ 32,000
7. Unpaid interfund receivable balances at June 30, 2017, were as follows:
General fund ................................$6,000
Special Revenue Fund .....................16,000
8. Vouchers payable at June 30, 2017, were $14,000.
REQUIRED
1. For the period July 1, 2016, through June 30, 2017, prepare journal entries to record all the transactions in the central garage fund accounts.
2. Prepare closing entries for the central garage fund at June 30, 2017.

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Debit Credit Cash Due from genera Inventory of materials and supplies Land Building Accumulated depreciation-building Machinery and equipment Accumulated depreciation-machinery $150,000 l fund 20,000 80,000 60,000 200,000 $10,000 56,000 and equipment Vouchers payable Contribution from general fund Net position 12,000 38,000 200,000 306,000 $566,000 $566,000