The following information relates to Dane City during its fiscal year ended December 31, 20X2: 1. On

Question:

The following information relates to Dane City during its fiscal year ended December 31, 20X2:

1. On October $31,20 \times 2$, to finance the construction of a city hall annex, Dane issued 8 percent, 10 -year general obligation bonds at their face value of $\$ 600,000$. Construction expenditures during the period equaled $\$ 364,000$.

2. Dane reported $\$ 109,000$ from hotel room taxes, restricted for tourist promotion, in a special revenue fund. The fund paid $\$ 81,000$ for general promotions and $\$ 22,000$ for a motor vehicle.

3. $20 \times 2$ general fund revenues of $\$ 104,500$ were transferred to a debt service fund and used to repay $\$ 100,000$ of 9 percent, 15 -year term bonds, and to pay $\$ 4,500$ of interest. The bonds were used to acquire a citizens' center.

4. At December $31,20 \times 2$, as a consequence of past services, city firefighters had accumulated entitlements to compensated absences at $\$ 86,000$. General fund resources available at December $31,20 \times 2$, are expected to be used to settle $\$ 17,000$ of this amount, and $\$ 69,000$ is expected to be paid out of future general fund resources.

5. At December $31,20 \times 2$, Dane was responsible for $\$ 83,000$ of outstanding general fund encumbrances, including the $\$ 8,000$ for supplies indicated below.

6. Dane uses the purchases method to account for supplies. The following information relates to supplies:

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\section*{Required}
For items 1 through 10 , determine the amounts based solely on the preceding information.
1. What is the amount of $20 \times 2$ general fund transfers out?
2. How much should be reported in $20 \times 2$ general fund liabilities from entitlements for compensated absences?
3. What is the $20 \times 2$ reserved amount of the general fund balance?
4. What is the $20 \times 2$ capital projects fund balance?
5. What is the $20 \mathrm{X} 2$ fund balance on the special revenue fund for tourist promotion?
6. What is the amount of $20 \mathrm{X} 2$ debt service fund expenditures?
7. What amount should be included in the government-wide financial statements for the cost of long-term assets acquired in $20 \times 2$ ?
8. What amount stemming from the $20 \times 2$ transactions and events decreased the long-term debt liabilities reported in the government-wide financial statements?
9. Using the purchases method, what is the amount of $20 \times 2$ supplies expenditures?
10. What was the total amount of $20 \times 2$ supplies encumbrances?