Question: DuPage County Illinois has a Convalescent Center that is reported

DuPage County, Illinois, has a Convalescent Center that is reported as an Enterprise Fund. The following represents the pre-closing trial balance for the Convalescent Center as of the fiscal year ended November 30, 20X6:

Required In addition, assume that the capital lease obligation is all long-term and that it is the only liability related to capital assets. Further, assume that the center has no restricted assets or liabilities.
Prepare the DuPage County Convalescent Center Statement of Net Position as of November 30, 20X6, and its Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ending November 30,20X6.
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  • CreatedOctober 25, 2014
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