CITY OF DAVIDSON MOTOR POOL FUND GENERAL JOURNAL JULY 1, 2006 - JUNE 30, 2007

Debits Credits
1. Cash Long-Term Advance From Enterprise Fund Transfers In 2,500,000
1,000,000
1,500,000
2. Land
Buildings
Equipment
Automobiles
Fuel and Supplies Cash 100,000 300,000 150,000
1,600,000
100,000

2,250,000
3. Due From Other Funds Operating Revenues-Charges for Sales and Services (3,800,000 Miles X $.32 Per Mile) 1,216,000

1,216,000
4. Fuel and Supplies Accounts Payable 200,000 200,000
5. Cash Due From Other Funds 850,000 850,000
6. Operating Expenses-Costs of Sales and Services Cash 260,000 260,000
7. Operating Expenses-Costs of Sales and Services Fuel and Supplies 270,000 270,000
8. Accounts Payable Cash 185,000 185,000
9. Nonoperating Expenses-Interest
Long-Term Advance From Enterprise Fund Cash 60,000 200,000

260,000
10. Operating Expenses-Depreciation Accumulated Depreciation--Buildings Accumulated Depreciation--Automobiles Accumulated Depreciation--Equipment 425,000 10,000 400,000
15,000

6-5 (A) (Continued).

Debits Credits
11. Operating Revenues-Charges for Sales and Services
Transfers In Operating Expenses-Costs of Sales and Services Operating Expenses-Depreciation Nonoperating Expenses-Interest Net Assets: Invested in Capital Assets, Net of Related Debt Net Assets: Unrestricted 1,216,000
1,500,000

530,000
425,000
60,000

925,000*
776,000**

* Capital Assets Acquired in Transaction 2 $2,150,000 Less: Accumulated Depreciation (Transaction 10) 425,000 1,725,000 Long-Term Advance From Enterprise Fund (Entry 1 Less Entry 9)
800,000

** Net Assets-Unrestricted is a “Plug” figure.