Question: only requirements B & C please The year-end pre-closing trial balance for the Woodland Park Capital Projects Fund is provided below. Cash Grant Receivables Investments

only requirements B & C please
only requirements B & C please The year-end pre-closing trial balance for
the Woodland Park Capital Projects Fund is provided below. Cash Grant Receivables
Investments Contracts Payable Contracts Payable-Retained Percentage Encumbrances Outstanding Revenues Encumbrances Construction Expenditures

The year-end pre-closing trial balance for the Woodland Park Capital Projects Fund is provided below. Cash Grant Receivables Investments Contracts Payable Contracts Payable-Retained Percentage Encumbrances Outstanding Revenues Encumbrances Construction Expenditures other Financing Sources-Proceeds of Bonds Debits Credits $ 987,000 600,000 1,000,000 $1,263,500 66,500 1,625,000 707,000 1,625,000 4,150,000 4,700,000 $8,362,000 $8,362,000 Required a. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital projects fund. b. Prepare the year-end balance sheet. Assume that all fund balances are restricted. c. Has the capital project been completed? Required A Required B Required C Prepare the year-end balance sheet. Assume that all fund balances are restricted. Woodland Park Capital Projects Fund Balance Sheet For the Year End $ Assets: Cash Grant Receivables Investments Total Assets Liabilities and Fund Balances: Contracts Payable Contracts Payable-Retained Percentage Total Liabilities Fund Balance-Restricted Total Liabilities and Fund Balances 0 $ 0 a. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital projects fund. b. Prepare the year-end balance sheet. Assume that all fund balances are restricted. c. Has the capital project been completed? Required A Required B Required Has the capital project been completed? Has the capital project been completed?

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!