The City of Corona, California, Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports

Question:

The City of Corona, California, Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports an increase in Fund Balances of $31,152,287.

Required
Based on the following information regarding transactions and events during the period, prepare the reconciliation of the governmental funds operating statement with the government-wide operating statement.

Additional Information
1. Capital outlay expenditures from governmental funds . . . . . . . . . .....$14,711,035
2. Cash received on . . . . . . . . . . . . . . . .. . . . . ......4,329,777
3. Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......9,014,913
4. Franchise fees (not due until late next year) . . . . . . . . . . . . . . . . . . . . . . . . ....207,589
5. Noncurrent accrued compensated absences increase during the year.................489,324
6. Cash paid on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .....6,329,987
7. Repayment of bond principal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....6,824,655
8. Accrued bond interest payable decrease from last year end . . . . . . . . . . . .......98,544
9. Internal Service Fund net revenue (net of expenses) . . . . . . . . . . . .....3,431,499

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Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...