Question

Could you please help me fill the T-accounts? Thank you

E 18-10 Internal Service fund Entries and Statements Bellevue City's printing shop had the following trial balance on Janua ry 1, 20x2 Debit Credit Cash Due from Other Funds Inventory of Supplies Furniture & Equipment Accumulated Depreciation Vouchers Payable Net Position: -Invested in Capital Assets (no related debt) -Unrestricted Total $24,600 15,600 9,800 260,000 $50,000 12,000 210,000 38,000 $310,000 $310,000 Additional Information for 20x2 During 20x2, the printing shop acquired supplies for $96,000, furniture for $1,500, and a copier for $3,200. Printing jobs billed to other funds amounted to $292,000; cash received from other funds, $287,300; costs of printing jobs, $204,000, including $84,000 of supplies; operating expenses $38,000, including $8,400 of supplies depreciation expense, $23,000, and vouchers paid, $243,000. 1. 2. Required: epare entries for the printing shop for 20x2, including closing entries. 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. Prepare a statement of revenues, expenses, and changes in fund net assets for 20x2 Prepare a statement of cash flows for 20x2. a. Pr b. c. d.

Answer 1

Following are the T accounts :-

1 Cash

To bal b/d	24600	by vouchers payable	243000
To due from other funds	287300	by bal c/d	68900

2. Due from other funds

To bal b/d	15600	by cash	287300
To billings to department	292000	by bal c/d	20300

3. Inventory of supplies

To bal b/d	9800	by cost of printing	84000
To vouchers payable	96000	by operating expenses	8400
		By Bal c/d	13400

4 . Furniture & equipment

To bal b/d	260000	by bal c/d	264700
To vouchers payable	4700

5. Accumulated depriciation

To bal c/d	73000	By bal b/d	50000
		By depriciation exp	23000

6 . Vouchers payable

To bal c/d	262300	By bal b/d	12000
		By inventory of supplies	96000
		By furniture & equipment	4700
		By cost of printing	120000
		By operating exp	29600

7 . Net position - unrestricted

To Bal c/d	83300	By bal b/d	38000
		By profit and loss summary	27000
		By met position invested in capital asset	18300

8 . Net position - invested in capital asset net of related debt

To net position - unrestricted	18300	by bal b/d	210000
To bal c/d	191700

9 . Billings to departments

To cost of printing	204000	By due from other funds	292000
To operating exp	38000
To depriciation exp	23000
To profit and loss summary	27000

10. Cost printing

To inventory of supplies	84000	By billing to departments	204000
To voucher payable	120000

11. Operating exp

To inventory of supplies	8400	By billing to departments	38000
to vouchers payable	29600

12 . Depriciation exp

To accumulated depriciation

23000

by billing to departments

23000

Note :- all the postings to T account is done oon the basis of journal entries only.