Record the following transactions 1. Billings to departments for communications

Question

Record the following transactions
1. Billings to departments for communications network services during 20X4 were as follows:
General Fund departments . . . . . . . . . . . . . . . . . . . . . . $57,070

Water and Sewer Department . . . . . . . . . . . . . . . . . . . . 33,000

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $90,070

2. The department collected $61,000 from the General Fund and $30,000 from the Enterprise Fund.

3. Payroll of $60,000 was paid, and $3,000 was contributed to the statewide retirement system.

4. The department purchased materials and supplies costing $14,000 and a voucher was approved.

5. Materials and supplies costing $17,700 were used by the Central Communications Network during 20X4.

6. Vouchers payable of $15,000 were paid.

7. Depreciation for the year was $8,370.

8. Salaries and wages of $1,000 were accrued at the end of the year.

Explanation / Answer

1 General Fund Department 57070 Water and Sewer Department 33000 To Communication Network services 90070 2 Cash 91000 To General Fund 61000 To Enterprise Fund 30000 3 Payroll Expenses 60000 To Cash 60000 4 Material Dr 14000 To Cash 14000 5 WIP Dr 17700 To Material 17700 6 Accounts Payable 15000 To Cash 15000 7 Depreciation 8370 To Fixed Assets 8370 8 Salaries & Wages 1000 Salaries & Wages Payable 1000

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