Presented here is the preclosing trial balance information for the total of Locklear County’s four Enterprise Funds for the year ended September 30, 20X7.

1. The Contribution from Locklear County resulted from general capital assets being reassigned for use in Enterprise Fund departments.
2. Expenses of the Golf Course, Transit Authority, and Convention Center Enterprise Funds included charges for water and sewer services of $25,000, $2,000, and $8,000, respectively.

Required

a. Discuss the adjustments that are necessary to convert this information to the data to be used for the business-type activities in preparing the government-wide financial statements.

b. Prepare the business-type activities column for the government-wide Statement of Net Assets and the business-type activities columns and rows of the Statement of Activities.

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Cash Accounts Receivable Allowance for Uncollectible Accounts Due from Other Enterprise Funds Inventory Land Buildings Accumulated Depreciation Buildings Equipment Accumulated Depreciation Equipment. *** Vouchers Payable Due to General Fund Due to Other Enterprise Funds Deferred Grant Revenues Bonds Payable Discount on Bonds Payable Net Assets. Charges for Services: Water and Sewer..... Jacobs Ridge Golf Course Transit Authority Hardin-Emanuel Convention Center Transfers from General Fund Investment Income ... Gain on Sale of Equipment Contributions (of Capital Assets) from Locklear County Water and Sewer Expenses Golf Course Expenses... Transit Authority Expenses Convention Center Expenses. Totals Debit $ 1,800,000 8,100,000 600.000 3,000,000 2,000,000 10,000,000 27,000,000 200,000 Credit $ 100,000 4,500,000 18,000,000 3,600,000 550,000 600,000 2,000,000 6,000,000 14,070,000 8,000,000 1,000,000 1,500,000 4,000,000 3,700,000 100,000 50,000 830,000 7,200,000 1,100,000 2,600,000 5,000,000 $68,600,000 $68,600,000