Using the data from P14-7, prepare the operating statement conversion worksheet needed to derive government-wide, governmental activities
Question:
In P14-7,
Soucy Township
Total Governmental Funds
Preclosing Trial Balance
December 31, 20X7
Soucy Township
General Capital Assets and General Long-Term Liabilities Accounts
Trial Balance
January 1,20X7
Transcribed Image Text:
Debit Credit Land.. Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation- Equipment Bonds Payable Net Position. S 300,000 3,500,000 20-year life $ 750,000 10-year life 2,000,000 4,050,000 S11,800,000 $11,800,000 Totals
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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