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

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