The Town of Mirbat operates an enterprise fund. Following is the information related to the fund’s 2020 operating activities.​​​​​​​a. Rental income of OMR47,222 was accrued. Subsequently, cash in the amount of OMR45,105 was received on accounts. b. Cash expenses for the period included: administrative services, OMR12,603; maintenance and repairs, OMR36,441; supplies and materials, OMR3,896; and utilities, OMR15,062. c. The Central Station Fund received a OMR30,000 transfer of funds from the General Fund. d. Adjustments were made for depreciation OMR1,760 and for uncollectible accounts 334. Required: Prepare general journal entries to record the Fund’s operating activities for the year.

The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020:         Expenses:       General government $ 12,060,000   Public safety   24,509,000   Public works   11,578,000   Health and sanitation   6,163,000   Culture and recreation   4,509,000   Interest on long-term debt, governmental type   739,000   Water and sewer system   10,977,000   Parking system   418,000   Revenues:       Charges for services, general government   1,340,000   Charges for services, public safety   214,800   Operating grant, public safety   816,300   Charges for services, health and sanitation   2,409,000   Operating grant, health and sanitation   1,237,600   Charges for services, culture and recreation   2,248,100   Charges for services, water and sewer   11,852,000   Charges for services, parking system   396,700   Property taxes   27,719,800   Sales taxes…

The Pension Trust Fund maintained by the city of Marydell had the following transactions and events during its current fiscal year:1. Contributions of $960,000 were received from General Fund employees, and theGeneral Fund contributed its share of $160,000.2. The fund paid $800 for investment management fees.3. Investments held by the fund increased in value by $5,600.4. Depreciation on fund capital assets totaled $1,2805. Retirement benefits of $12,320 were paid to retirees.6. Interest of $4,000 and dividends of $2,240 were received frominvestments.Prepare journal entries to record the transactions and events above for the Pension Trust Fund.If an entry affects more than one debit or credit account, enter the accounts in order ofmagnitude (largest to smallest balances), debits first.   Account Debit Credit                           To record contributions received.                       To record payment of management fees.                       To record…

Effect of different measurement focuses and bases of accounting Following are some of Vista Village’s events during calendar year 2021. For each event, state (a) the amount the Village would report as expenditures if the event occurred in a governmental-type fund and (b) the amount it would report as expenses if the eventoccurred in an Enterprise Fund.1. The amount owed to employees for vacation and sick leave increased from $720,000to $765,000 during the year. Employees are permitted to receive payment for unusedvacation and sick leave days when they retire; at year-end, however, none of the employees had retired.2. At December 31, 2021 interest accrued on outstanding long-term debt amounted to $63,000. The interest was due to be paid on May 1, 2022.