Question: For each situation outlined in the following chart, explain how the year-end balance sheet and statement of revenues, expenditures, and changes in fund balances of

For each situation outlined in the following chart, explain how the year-end and statement of revenues, expenditures, and changes in fund balances of a governmental fund would be affected in 20X5, 20X6, and20X7.

rear Case 20X5 20x6 20x7 A Legal Claim Established Legally Usable . Cash Collected in first 60 days Cash Collected in first 60 days Legal Claim Established . Legally Usable Legal Claim Cash Collected after first 60 days Established . Legally Usable D Cash Collected in lastLegal Claim Established 60 days Legally Usable . Legal Claim Established Legally Usable Legal Claim Established Legally Usable Cash Collected in first 60 days Cash Collected after first 60 days

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