Analyzing City of Monroe Stores Services Internal Service Fund

City of Monroe Stores Services Internal Service Fund STORES AND SERVICES INTERNAL SERVICE FUND INVENTORY OFDUE FROM referenceAccount Titles DebitsCreditsCASHSUPPLIESOTHER FUNDSLAND bb32,000bb27,500bb27,000bbbb 18,000 6-C-11No journal entry227,00015,00043312,000296,960527,000 2 7360,0005 371,200 2Cash27,000367,5009360,000 7 Due from Other Funds27,000 3Inventory of Supplies312,00036,50042,54011,20018,000 Accounts Payable312,000 4Advance from Enterprise Fund 15,000ACCUMULATED DEPR'ACCUMULATED DEPR' Cash15,000BUILDINGSBUILDINGSEQUIPMENTEQUIPMENT bb80,00028,000bbbb46,00025,000 bb 5Due from Other Funds371,2008,40096,200 9 Operating Revenues-Charges for Sales & Services371,200 Operating Expenses-Costs of Sales & Services296,96080,00036,40046,00031,200 Materials and Supplies296,960 ADVANCE FROMNET POSITION 6Operating Expenses-Costs of Sales & Services50,600ACCOUNTS PAYABLEENTERPRISE FUND( beginning) Operating Expenses-Administration8,00019,000bb30,000bb128,500 bb Accounts Payable58,600312,00034 15,000 58,600 6 7Cash360,0008 367,500 Due from Other Funds360,000 22,10015,000128,500 8Accounts Payable367,500 Cash 367,500 REVENUES - CHARGESOPERATING EXPENSESOPERATING EXPENSESOPERATING EXPENSES 9 Operating Expenses - Depreciation14,600FOR SALES & SERVICESCOST OF SALES & SERVsADMINISTRATIONDEPRECIATION Accumulated Depreciation - Buildings8,400371,20055 296,960 Accumulated Depreciation - Equipment6,200650,60068,0009 14,600 371,200347,5608,00014,600 Total Debits604,400 Total Credits604,400