Question: B-C Assemble the following from previous continuous problems the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances from

B-C Assemble the following from previous continuous problems the governmental funds BalanceSheet and Statement of Revenues, Expenditures, and Changes in Fund Balances fromSection 5-C) the proprietary funds Statement of Net Position and Statement ofRevenues, Expenses, and Changes in Fund Net Position from Section 6-C (Pleaseright click on the attached document and select open in new window.Then, download the template and enter the required values in the appropriatefields. Save your completed template to your computer and then upload ithere by clicking "Browse" Next, click "Save") Required: 1 Start a worksheetfor adjustments, using the trial balance format thustrated in the text estaccounts with debit balances first, then accounts with credit balances Enter thebalances from the governmental funds financial statements prepared for Section 5-C. Whendoing this, follow the following guidelines Net Position: Use a single accountfor net posmon (which will include the beginning balance of al fund

B-C Assemble the following from previous continuous problems the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances from Section 5-C) the proprietary funds Statement of Net Position and Statement of Revenues, Expenses, and Changes in Fund Net Position from Section 6-C (Please right click on the attached document and select open in new window. Then, download the template and enter the required values in the appropriate fields. Save your completed template to your computer and then upload it here by clicking "Browse" Next, click "Save") Required: 1 Start a worksheet for adjustments, using the trial balance format thustrated in the text est accounts with debit balances first, then accounts with credit balances Enter the balances from the governmental funds financial statements prepared for Section 5-C. When doing this, follow the following guidelines Net Position: Use a single account for net posmon (which will include the beginning balance of al fund balance accounts) Intergovernmental Revenues: When setting up the worksheet, set up separate lines for the intergovernmental revenues as follows State Grant for Highway and Street Maintenance Operational Grant-General Government Capital Grant-Public Safety Total $1,067,500 132,000 1,335,000 13,734,500 Capital Assets it is not necessary to set up separate lines for different classes of capital (fixed) assets or accumulated depreciation (simply use one row for Capital Assets and another for Accumulated Depreciation Condem that the total debits and credits equal 2. Prepare worksheet entries and post to the worksheet for the following nems, identify each adjustment by the letter used in the problem a Record the January 1, 2020 balances of general fixed asset and related accumulated depreciation accounts. The Cry of Monroe had the following balances (excluding internal Service Fundi

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!