$0-11.$ Ine City or Evansville operated a summer camp program tor at$-$risk youth. Businesses and nonpront organizations sponsor one or more youth by paying the registration fee for program participants. The following Schedule of Cash Receipts and Disbursements summarizes the activity in the program's bank account for the year.

At the beginning of $2024,$ the program had unrestricted cash of $$7,000.$

Cash Basis

$12$ months

Cash receipts:

Registration fees

Borrowing from bank

Total deposits

Cash disbursements:

Wages

Payroll taxes & employee benefits

Insurance $($paid monthly$)$

Purchase of bus

Interest on bank note

Total checks

Excess of receipts over disbursements

$\backslash$table$[[$$$96,500$

$6-11.$ The City of Evansville operated a summer camp program for at$-$risk youth. Businesses and nonprofit organizations sponsor one or more youth by paying the registration fee for program participants. The following Schedule of Cash Receipts and Disbursements summarizes the activity in the program's bank account for the year.

At the beginning of $2024,$ the program had unrestricted cash of $$7,000.$

Cash Basis

$12$ months

Cash receipts:

Registration fees

Borrowing from bank

Total deposits

Cash disbursements:

$\backslash$table$[[$Wages$,44,000],[$Payroll taxes & employee benefits,$9,575],[$Insurance $($paid monthly$),8,000],[$Purchase of bus,$80,000],[$Interest on bank note,$2,250],[$Total checks,$143,825]]$

Excess of receipts over disbursements

$2.$ The loan from the bank is dated April $1$ and is for a fiveyear period. Interest $(6$ percent annual rate$)$ is paid on October $1$ and April $1$ of each year, beginning October $1,2024.$

$3.$ The bus was purchased on April $1$ with the proceeds provided by the bank loan and has an estimated useful life of eight years $($straight$-$line basis$-$use monthly depreciation$).$

$4.$ All invoices and salaries related to $2024$ had been paid by close of businesston December $31,$ except for the employer's portion of December payroll taxes, totaling $$712.$

a$.$ Prepare the journal entries, closing entries, and a Statement of Revenues, Expenses, and Changes in Fund Net Position assuming the City intends to treat the summer camp program as an enterprise fund.

b$.$ Prepare the journal entries, closing entries, and a Statement of Revenues, Expenditures, and Changes in Fund Balance assuming the City intends to treat the summer camp program as a special revenue fund.