Fund Accounting -Town of Coupland

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The following relate to the town of Coupland (dollar amounts in thousands):

• Equipment used in a vehicle repair service that provides service to other departments on a cost-reimbursement basis; the equipment has a ten-year life with no salvage value $1,400

• Property taxes levied and collected $6,300

• Hotel taxes (restricted to promotion of tourism) collected $1,200

• Proceeds of bonds to build a parking garage that must be repaid from user charges $4,000

• Proceeds of general obligation bonds to finance construction of a new city hall; the building, which was completed during the year, has a useful life of thirty years with no salvage value $9,000

• Proceeds of a federal grant to hire additional police officers $1,000

• Fees charged to, and collected from, customers by the electric utility $8,000

Match the fund items below with the amounts that follow. An amount may be selected once, more than once, or not at all.

1. Revenue to be recognized in an enterprise fund

2. Revenue to be recognized in special revenue funds

3. Bonds payable to be recognized in the general fund

4. Bonds payable to be recognized in enterprise funds

5. Depreciation expenditure to be recognized in the general fund

6. Depreciation expense to be recognized in internal service funds

7. Revenue to be recognized in an internal service funds

8. Revenue to be recognized in the general fund

9. Long-lived assets to be recognized in the general fund

10. Long-lived assets to be recognized in internal service funds