Prepare Journal Entries in the Motor Pool Department of Hill

question 45

Essay

Prepare journal entries in the motor pool department of Hill County to record each of the following transactions.
1.The General Fund contributed $50,000 cash to the motor pool department.The motor pool department purchased four vehicles on July 1,2014 by paying $50,000 down and borrowing $70,000 on a 5%,3-year note.
2.Billed General Fund departments $430,000 for services provided to those departments.Billings to the Enterprise Fund totaled $210,000.All billings were collected by year-end (June 30,2015)except for $80,000 charged to the General Fund.
3.Accrued year-end adjustments at June 30,2015 for interest expense and depreciation.The useful life of the equipment is 5 years with no salvage value.

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Definitions:

Grand Apartheid

The system of racial segregation in South Africa before 1994, designed to maintain white dominance while controlling the movement and rights of the non-white populace.

Cincinnati Police Division

The law enforcement agency responsible for providing police services to Cincinnati, Ohio, notable for its efforts in community policing and reforms.

White Officer-Suspect

A term that might refer to situations or studies focusing on the interactions between white police officers and suspects, potentially highlighting racial dynamics.

Black Officer-Suspect

The dynamic or interaction between law enforcement officers who are of African descent and individuals suspected of committing crimes.