Following is the June 30, 2019, statement of net position for the City of Bay Lake...
The Following is the June 30, 2019, statement of net position for the City of Bay Lake Water Utility Fund. CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2019 Assets Current assets: Cash and investments $ 1,774,824 Accounts receivable (net of $13,365 provision for uncollectible accounts) 306,824 Accrued utility revenue 499,600 Due from General Fund 29,288 Interest receivable 81,936 Total current assets 2,692,472 Restricted assets: Cash 9,192 Capital assets: Land $ 1,780,753 Buildings (net...
Following is the June 30, 2019, statement of net position for the City of Bay Lake Water Utility Fund. Required information [The following information applies to the questions displayed below.j Following is the June 30, 2019, statement of net position for the City of Bay Lake Water Utility Fund 15 points CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2019 eBook Assets Current assets: Print Cash and investments Accounts receivable (net of $13,367 provision...
$ 1,775,142 | 306,870 499,600 29, 288 81,936 2,692,836 9,194 CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2019 Assets Current assets: Cash and investments Accounts receivable (net of $13,367 provision for uncollectible accounts) Accrued utility revenue Due from General Fund Interest receivable Total current assets Restricted assets: Cash Capital assets: Land Buildings (net of $3,420,381 in accumulated depreciation) Machinery and equipment (net of $5,130,505 in accumulated depreciation) Total capital assets (net) Total Assets...
Enterprise Fund Journal Entries and Financial Statements. Following is the June 30, 2017, statement of net position for the City of Bay Lake Water Utility Fund. Page 301 Required A. For fiscal year 2017, prepare general journal entries for the Water Utility Fund using the following information. 1.The amount in the Accrued Utility Revenue account was reversed. 2.Billings to customers for water usage during fiscal year 2017 totaled $2,982,557; $193,866 of the total was billed to the General Fund. 3.Cash...
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2016, the first day of the fiscal year: Debits Credits Cash $ 337,000 Customer accounts receivable 204,200 Allowance for uncollectible accounts $ 30,700 Materials and supplies 122,800 Restricted assets (cash) 255,000 Utility plant in service 7,007,000 Accumulated depreciation—utility plant 2,607,000 Construction work in progress 107,000 Accounts payable 128,400 Accrued expenses payable 80,300 Revenue bonds payable 3,507,000 Net position 1,679,600 Totals $ 8,033,000...
I just need help with the statement of cash flow Required: a. Record the transactions for the year in general journal form. b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position. c. Prepare a Statement of Net Position as of June 30, 2020. d. Prepare a Statement of Cash Flows for the year ended June 30, 2020. Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability (see...
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Debits Credits Cash $ 349,000 Customer accounts receivable 211,400 Allowance for uncollectible accounts $ 31,900 Materials and supplies 132,000 Restricted assets (cash) 267,000 Utility plant in service 7,031,000 Accumulated depreciation—utility plant 2,631,000 Construction work in progress 119,000 Accounts payable 142,800 Accrued expenses payable 98,500 Revenue bonds payable 3,531,000 Net position 1,674,200 Totals $ 8,109,400...
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2016, the first day of the fiscal year: Credits $ Debits 337,000 204,200 $ 30,700 122,800 255,000 7,007,000 Cash Customer accounts receivable Allowance for uncollectible accounts Materials and supplies Restricted assets (cash) Utility plant in service Accumulated depreciation-utility plant Construction work in progress Accounts payable Accrued expenses payable Revenue bonds payable Net position Totals 2,607,000 107,000 128,400 80, 300 3,507,000 1,679,600 $8,033,000...
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Credits Debits $ 333,000 201,800 121,200 253,000 7,004,000 $ 30,300 Cash Customer accounts receivable Allowance for uncollectible accounts Materials and supplies Restricted assets (cash) Utility plant in service Accumulated depreciation-utility plant Construction work in progress Accounts payable Accrued expenses payable Revenue bonds payable Net position Totals 2,603,000 103,000 123,600 77,300 3,503,000 1,678,800 $8,016,000 $8,016,000...
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2016, the first day of the fiscal year: Debits Credits Cash $ 338,000 Customer accounts receivable 204,800 Allowance for uncollectible accounts $ 30,800 Materials and supplies 123,200 Restricted assets (cash) 256,000 Utility plant in service 7,009,000 Accumulated depreciation—utility plant 2,609,000 Construction work in progress 108,000 Accounts payable 129,600 Accrued expenses payable 81,100 Revenue bonds payable 3,509,000 Net position 1,679,500 Totals $ 8,039,000...