Prepare the following Enterprise Fund financial statements for the Croton City Swimming Pool Enterprise Fund: (1)...
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Prepare the following Enterprise Fund financial statements for the Croton City Swimming Pool Enterprise Fund: (1) a statement of net position and (2) a statement of revenues, expenses, and changes in fund net position. The following preclosing trial balance can be used to prepare these financial statements. Preclosing Trial Balance for Swimming Pool Enterprise Fund CROTON CITY Swimming Pool Enterprise Fund Preclosing Trial Balance December 31, 2022 (in thousands) Cash...... Swimming Pool... Accumulated depreciation, swimming pool Bonds payable.. Net position... Revenues. Salary expense. Interest expense. Depreciation expense. Totals... Debits $3 600 8 24 30 $665 Credits $ 120 440 35 70 $665 Prepare the following Enterprise Fund financial statements for the Croton City Swimming Pool Enterprise Fund: (1) a statement of net position and (2) a statement of revenues, expenses, and changes in fund net position. The following preclosing trial balance can be used to prepare these financial statements. Preclosing Trial Balance for Swimming Pool Enterprise Fund CROTON CITY Swimming Pool Enterprise Fund Preclosing Trial Balance December 31, 2022 (in thousands) Cash...... Swimming Pool... Accumulated depreciation, swimming pool Bonds payable.. Net position... Revenues. Salary expense. Interest expense. Depreciation expense. Totals... Debits $3 600 8 24 30 $665 Credits $ 120 440 35 70 $665
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Statement of Net Position in thousands swift Copy code CROTON CITY SWIMMING POOL ENTE... View the full answer
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
Posted Date:
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