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Using the data from P14-7, prepare the operating statement conversion

Using the data from P14-7, prepare the operating statement conversion worksheet needed to derive government-wide, governmental activities

Question:

Using the data from P14-7, prepare the operating statement conversion worksheet needed to derive government-wide, governmental activities data for Soucy Township for 20X7.
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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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 05:04 AM

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