The following information is taken from Miller City's December 31, 2021, trial balance after all adjustments...
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The following information is taken from Miller City's December 31, 2021, trial balance after all adjustments were made for preparation of the government-wide financial statements. Miller City has governmental activities but no business-type activities. Revenues---Property Taxes $3,675,000 Revenues---Sales Taxes 2,175,000 Revenues--Police---State Operating Aid 410,000 Revenues---Road Maintenance---State Operating Aid 250,000 Revenues---Road Maintenance---State Capital Aid 50,000 E 75,000 Revenues---Sanitation---Charges for Services Revenues---Youth and Seniors---Charge for Services 65,000 Revenues---Parks Admissions---Charge for Services 85,000 625,000 Expenses---General Govemment 2,615,000 Expenses---Police 975,000 Expenses---Road Maintenance 1,410,000 Expenses---Sanitation 525,000 Expenses---Parks and Recreation Expenses---Parks and Recreation 525,000 Expenses---Youth and Seniors 325,000 Net Position---Net Investment in Capital Assets 1,200,000 Net Position--Unrestricted 1,925,000 Required: Prepare the statement of activities using the format below. Fill in the following 10 blank spaces below. Work out the complete statement of activities on your calculation page. (Do not add dollar sign. Do not add comma by yourself to your amount. Use minus sign if the amount is negative) Net (Expenses) Revenues and Program Revenues Operating Changes in Net Position Charges Capital for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Governmental Activities Governmental activities General government Police Road Governmental activities General government Police Road maintenance Sanitation Parks and recreation Youth and seniors Total General revenues: Total general revenues Increase (decrease) in net position Net position, January 1, 2021 Net position, December 31, 2021 The following information is taken from Miller City's December 31, 2021, trial balance after all adjustments were made for preparation of the government-wide financial statements. Miller City has governmental activities but no business-type activities. Revenues---Property Taxes $3,675,000 Revenues---Sales Taxes 2,175,000 Revenues--Police---State Operating Aid 410,000 Revenues---Road Maintenance---State Operating Aid 250,000 Revenues---Road Maintenance---State Capital Aid 50,000 E 75,000 Revenues---Sanitation---Charges for Services Revenues---Youth and Seniors---Charge for Services 65,000 Revenues---Parks Admissions---Charge for Services 85,000 625,000 Expenses---General Govemment 2,615,000 Expenses---Police 975,000 Expenses---Road Maintenance 1,410,000 Expenses---Sanitation 525,000 Expenses---Parks and Recreation Expenses---Parks and Recreation 525,000 Expenses---Youth and Seniors 325,000 Net Position---Net Investment in Capital Assets 1,200,000 Net Position--Unrestricted 1,925,000 Required: Prepare the statement of activities using the format below. Fill in the following 10 blank spaces below. Work out the complete statement of activities on your calculation page. (Do not add dollar sign. Do not add comma by yourself to your amount. Use minus sign if the amount is negative) Net (Expenses) Revenues and Program Revenues Operating Changes in Net Position Charges Capital for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Governmental Activities Governmental activities General government Police Road Governmental activities General government Police Road maintenance Sanitation Parks and recreation Youth and seniors Total General revenues: Total general revenues Increase (decrease) in net position Net position, January 1, 2021 Net position, December 31, 2021
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Statement of activities for Miller city as of 31st December 2021 Progr... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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