... charges to cover the costs of providing
the goods or service.
155
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Proprietary ... net of related debt 1,088,2 65 272 ,50 0
Restricted for debt service 110,000
Unrestricted 402, 255 331,000
Total net assets $1,600 ,52 0 $603 ,50 0
cop2705X_Ch06_ 154 -188.ind...
... deductions 255 ,000 9,000
Change in net assets 7 05, 000 52 1,800
Net assets—beginning of the year 5, 850 ,50 0 –0–
Net assets—end of the year $6 ,55 5 ,50 0 $52 1,800
cop2705X_Ch07_189-219.indd 206cop2705X_Ch07_189-219.indd ... assets 6 ,57 0 ,50 0 52 1,800
Liabilities
Accounts payable and accrued expenses 15, 000 –0–
Net Assets
Held in trust for pension benefits and other pur...
... KPMG Professor
Director, School of Accounting
James Madison University
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ESSENTIALS OF ACCOUNTING ... Entries
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Essentials of
Accounting for
Governmenta...