Question

he Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.

	Debits			Credits
Accounts payable				$	100,000
Accounts receivable	$	25,000
Accrued interest payable					28,000
Accumulated depreciation					45,000
Administrative and selling expenses		47,000
Allowance for uncollectible accounts					12,000
Capital assets		705,000
Cash		90,000
Charges for sales and services					550,000
Cost of sales and services		492,000
Depreciation expense		45,000
Due from General Fund		17,000
Interest expense		40,000
Interest revenue					4,000
Transfer in from General Fund					115,000
Revenue bonds payable					625,000
Supplies inventory		18,000
Totals	$	1,479,000		$	1,479,000

Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the bottom of the December 31 Statement of Cash Flows. Recall that the beginning balance of all assets and liabilities is zero. (Deductions should be entered as a negative amount.)
  

Answer 1

it calcula epurainq tome 55o, ooo 492,00o Less: ces 3400 D In come Seaside. Entmike. e. Net cash moVided n4 s the Yean Ended Dec 3),201 eratng Income 34-000 u5o0o 2500012000

3D0O 28000 Giood