An Adjusted Trial Balance Is Provided Below for the Dade

question 39

Essay

An adjusted trial balance is provided below for the Dade County copy services department at June 30,2014.
$$\begin{array} { l l } \text { Cash } & \$ 21,000 \\\text { Due from Enterprise Fund } & 6,000 \\\text { Due from Debt Service Fund } & 2,000 \\\text { Supplies inventory } & 5,000 \\\text { Supplies used } & 3,000 \\\text { Equipment } & 32,000 \\\text { Salary expense } & 25,000 \\\text { Utility expense } & 9,000 \\\text { Depreciation expense } & 6,000 \\\text { Operating transfer to General Fund } &\underline{ 4,000}\\&\underline{\$113,000}\end{array}$$ $$\begin{array} { l l } \text { Accumulated depreciation } & \$ 24,000 \\\text { Accounts payable } & 2,000 \\\text { Advance from General Fund (not for capital assets) } & 10,000 \\\text { Capital Contribution from General Fund } & 1,000 \\\text { Net position (beginning) } & 28,000 \\\text { Revenue - services billed } &\underline{ 48,000 }\\ & \underline{\$ 13,000}\end{array}$$ Required:
1.Prepare a statement of revenues,expenses and changes in net position for the copy services department for the year ended June 30,2014.
2.Prepare a statement of net position for the copy services department at June 30,2014.Assume all assets are not externally or internally restricted.

---

Definitions:

Invincibility Fable

A cognitive bias commonly found in teenagers and young adults, characterized by the belief that they are exempt from common vulnerabilities and dangers.

Adolescent Egocentrism

A characteristic of adolescent thinking that leads to an over-focus on the self and a failure to recognize other people's perspectives.

Intuitive Thought

A process of thinking that involves knowing something without analytic reasoning, often based on experiences and feelings.

Analytic Thought

The process of logical reasoning and problem solving, breaking down complex information into smaller components for assessment.