ne City of Stillwater's Airport Authority is included in the reporting entity as an aterprise Fund. The trial balance for the Airport on June 30, 2018, included the lowing information: Debit Credit ash ccounts Receivable und ant and Equipment ccumulated Depreciation ccounts Payable onds Payable et Position: Invested in Capital Assets, Net of Related Debt Unrestricted 762,453 41,346 3,485,663 25,441,366 12,739,880 60,605 282,809 15,904,340 743,194 29,730,828 otal 29.730,828 Charge for services of $1,245,585 and receipts from customers of $1,213,330. Additions for improvements other than buildings were added for a total cost of 56,996. All fixed asset additions were paid by June 30, 2018. Operating expenses were Interest expense was Payments were made to suppliers Interest was paid 2,469,127 22,625 1,586,894 22,625 Transfers in from the General fund totaled: 2,741,794 Adjusting entries were as follows: Estimated uncollectible accounts receivable: 12,456 1,103,870 Depreciation expense: equired: Prepare the transactions entries for the Airport Authority enterprise fund for 2018.
ne City of Stillwater's Airport Authority is included in the reporting entity as an aterprise Fund. The trial balance for the Airport on June 30, 2018, included the lowing information: Debit Credit ash ccounts Receivable und ant and Equipment ccumulated Depreciation ccounts Payable onds Payable et Position: Invested in Capital Assets, Net of Related Debt Unrestricted 762,453 41,346 3,485,663 25,441,366 12,739,880 60,605 282,809 15,904,340 743,194 29,730,828 otal 29.730,828 Charge for services of $1,245,585 and receipts from customers of $1,213,330. Additions for improvements other than buildings were added for a total cost of 56,996. All fixed asset additions were paid by June 30, 2018. Operating expenses were Interest expense was Payments were made to suppliers Interest was paid 2,469,127 22,625 1,586,894 22,625 Transfers in from the General fund totaled: 2,741,794 Adjusting entries were as follows: Estimated uncollectible accounts receivable: 12,456 1,103,870 Depreciation expense: equired: Prepare the transactions entries for the Airport Authority enterprise fund for 2018.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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