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Product code: Accounts-AW432


Application—Week 4

Part 1:  Statement of Cash Flow for Enterprise Fund

The following information is available for the Enterprise Fund of Luis County:

                                                                                                            Dollars ($)

  1. Cash received from sales to the public                                                  525,000
  2. Cash received from sales to other governments                                    175,000
  3. Cash paid to employees                                                                           25,000
  4. Cash paid to suppliers                                                                  12,500
  5. Cash received from operating grants                                         125,500
  6. Cash paid for equipment (capital assets)                                                66,000
  7. Cash received from sale of equipment (gain of $3,000)                         13,000
  8. Cash received from capital grants                                                  8,000
  9. Cash paid on interest paid to finance building expansion                            500
  10. Capital assets donated by developers                                            6,000
  11. Purchase of investments from cash restricted for capital bonds              76,000
  12. Cash transfer to General Fund for general capital assets                         55,000
  13. Interest received on investments restricted for capital assets        6,700
  14. Cash received from sale of bonds for building expansion                     100,000
  15. Unrestricted cash, beginning balance                                          75,000
  16. Restricted cash, beginning balance                                              25,000


Luis County uses a calendar year for its fiscal year.


Application—Week 4


Part 2:  Financial Statements and Closing Entries for Pension Trust Funds

Green County has the following pension trust fund trial balance available for fiscal year ending

October 31, 2010:      


 Debits ($)


 Credits ($)




Due from the General Fund



Interest Receivable






Annuity Benefits Payable



Net Assets Held in Trust for Pension Benefits



Additions - Net Increase in Fair Value



Additions – Green County Contributions



Additions - Employee Contributions



Additions - Investment Interest Income



Deductions - Annuity Benefits Payments



 $ 109,350


 $ 109,350


Download Questions

Analysis of Louis county Enterprise fund statement The analysis clear shows that there is increase in restricted and unrestricted cash balance as calculated below:-

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