Question:
The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Prepare a (partial) statement of activities using the format shown in Illustrations 31 and A22. Assume that beginning net position is $1,643 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity, assume that the village does not have business-type activities or component units.
Transcribed Image Text:
WESTOVER VILLAGE Governmental Activities Selected Account Balances (in thousands) For the Year Ended June 30, 2020 Credits Debits Expenses-Culture and Recreation Expenses-General Government Expenses-Health and Sanitation Expenses-Interest on Long-term Debt Expenses-Public Safety General Revenues-Investment Earnings General Revenues-Property Taxes 12,352 9,571 6,738 6,068 34,844 1,958 56,300 1,200 3,995 2,450 3,146 General Revenues-Unrestricted Grants and Contributions Program Revenue-Culture and Recreation-Charges for Services Program Revenue-Culture and Recreation-Operating Grants Program Revenue-General Government-Charges for Services Program Revenue-General Government-Operating Grants Program Revenue-Health and Sanitation-Charges for Services Program Revenue-Public Safety-Capital Grants Program Revenue-Public Safety-Charges for Services Program Revenue-Public Safety-Operating Grants Special Item-Gain on Sale of Park Land 843 5,612 62 1,198 1,307 3,473