Part A:Newport City established the following activities after it was founded: General fund, Governmental activities, Enterprise fund, Internal service fund, Enterprise fund, and Permanent fund. Prepa

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Part A:

Newport City established the following activities after it was founded: General fund, Governmental activities, Enterprise fund, Internal service fund, Enterprise fund, and Permanent fund. Prepare journal entries for these transactions, but do not include closing entries:

  • Cash was transferred from the General Fund to establish a central duplicating internal service fund in the amount of $30,000 in cash and $350,000 in equipment with accumulated depreciation of $80,000.
  • The city’s General Fund was billed $140,000 for water and sewage by the utility fund. By the last day of the year, the entire amount was paid of the utility bill.
  • The internal service fund billed the city’s general government function $16,300 for duplicating services and the city’s utility fund for $9,200 for services.
  • A purchase order of $28,000 was created by the general government function for computer equipment.
  • A payment voucher was approved for $26,200 upon receipt of the equipment and the payment was made.


Part B:

Case Study – Identify the Nonprofit

https://hbsp.harvard.edu/tu/b1a96dc5

Use the information in the case study to answer the questions below for each of the items in the following list:

  • A U.S. health insurer
  • A Canadian Health Authority (comprising hospitals, clinics, and hospices)
  • A U.S. municipal government
  • A U.S. private four-year college.


Assignment:

  • Use your knowledge of the likely operational and financial characteristics of the listed organizations to match each organization with the appropriate financial information.
  • Analyze the financial condition of each organization and categorize them as:
  • healthy,
  • suffering from a cold,
  • suffering from the flu, or
  • very sick.
  • Analyze the causes and remedial steps for the organizations and state governments you identified as “very sick”.


Paper Requirements:

  • Submit your responses to the questions in a 3-5-page Microsoft Word document. Label

    Part A

    and

    Part B

    clearly in your paper. Include computations in a table and show work.
  • For written answers, ensure your responses are well-written.
  • Be sure to follow the formatting guidelines outlined in the


    CSU-Global Guide to Writing and APA


    .

https://hbsp.harvard.edu/tu/b1a96dc5

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