Washington City created an Information Technology department four years ago to centralize information technology (IT) fu

[answerhappygod]

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 1 (41.12 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 2 (56.67 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 3 (67.46 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 4 (58.17 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 5 (61.94 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 6 (67.55 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 7 (53.08 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 8 (56.81 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 9 (62.07 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 10 (67.27 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 11 (50.5 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 12 (67.2 KiB) Viewed 44 times

Washington City Created An Information Technology Department Four Years Ago To Centralize Information Technology It Fu 13 (58.64 KiB) Viewed 44 times

Washington City created an Information Technology department four years ago to centralize information technology (IT) functions for the city. The goal of the department was to reduce costs, avoid duplication of efforts, and provide up to date technology to all of the city's operations. The fund was designed to be self-supporting, that is all costs are to be recovered through user fees, but any excess of fees over expenses should be less than 4 percent. The preclosing trial balance for the IT department as of last year, is shown below. Cash Due from Other Funds Materials and Supplies Inventory Machinery and Equipment Accumulated Depreciation Accounts Payable Due to Federal Government Due to Other Funds Net Position-Net Investment in Capital Assets Net Position-Unrestricted Debits Credits (in thousands) $ 14,700 4,880 430 54,900 $ 31,200 2,640 2760 1.210 23,780 13.400 $ 74,910 $ 74,910 During the current fiscal year ended December 31, the following transactions (summarized in thousands of dollars) occurred:
During the current fiscal year ended December 31, the following transactions (summarized in thousands of dollars) occurred: 1. Gross employee wages were $61,400, including the employer's share of social security taxes amounting to $4,370. Federal income and social security taxes withheld from that amount totaled $19,970. 2. Office expenses in the amount of $3,970 were paid in cash. 3. Materials and supplies purchased on account during the year were $9.020. 4. A bill totaling $15,600 was received for utilities provided by Washington City's utility fund 5. Cash paid to the federal government for payroll taxes was $24,600. 6. Cash paid to the Utility Fund was $14,700. 7. Accounts payable at year-end totaled $3,150. 8. Materials and supplies used during the year were $8,830. 9. Charges to departments during the fiscal year were as follows: General Fund Special Revenue Fund $61,500 21,800 10. Unpaid balances at year-end were: General Fund Special Revenue Fund $ 3,789 2.600
11. The depreciation for the year was $5,900 12. Revenue and expense accounts for the year were closed. Required a-1. Prepare journal entries for the Information Technology Fund for the current year ended December 31 (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < A B с D E F G H.... K > Record the $61,400 payment of employee wages, including $4,370 for employer's share of social security taxes and $19,970 withheld for Federal income and social security taxes. Note: Enter debits before credits Transaction General Journal Debit Credit Clear entry View general journal Record entry
st Journal entry worksheet < A B с DE F G H H K Record the $3,970 Office expenses paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 View general journal Record entry Clear entry
View transaction list Journal entry worksheet < A B с D E F G H K > ... Record the $9,020 materials and supplies purchased on account during the year. Note: Enter debits before credits. Debit General Journal Transaction Credit 3 View general journal Clear entry Record entry
View transaction list Journal entry worksheet < А в с D E F G H > ..... K Record the $15,600 received for utilities provided by Washington City's utility fund. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal
Journal entry worksheet < A B с D E F G H .. Record the $24,600 payroll taxes paid to federal government. Note: Enter debits before credits. Transaction General Journal Debit Credit 5 Record entry Clear entry View general journal
Journal entry worksheet < AB с D E G H Record the $14,700 payment to the Utility Fund. Note: Enter debits before credits. General Journal Debit Credit Transaction 6 Record entry Clear entry View general Journal
Journal entry worksheet < А в с DE F G H .. Record the payment of cash if accounts payable at year end totaled $3,150. Note: Enter debits before credits. General Journal Debit Credit Transaction 7 Record entry Clear entry View general journal
Journal entry worksheet < A B C DE F G H . Record the $8,830 materials and supplies used during the year. Note: Enter debits before credits. General Journal Debit Credit Transaction 8 View general journal Clear entry Record entry
Journal entry worksheet < A .... DEF G H - > Record the billing to departments. Note: Enter debits before credits. Transaction General Journal Debit Credit 9 Record entry Clear entry View general journal
Journal entry worksheet < A .... D E F G H I 3 K Record the cash received from other funds. Note: Enter debits before credits. General Journal Debit Credit Transaction 10 View general journal Clear entry Record entry
View transaction list Journal entry worksheet < A ... D E F G H K Record the depreciation of $5,900 for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit 11 Record entry Clear entry View general journal