02/10/2020 From the following trial balance, prepare appropriate financial statements (excluding a statement of cash flows): Credit TOWNIOF DILBEY INTERNAL SERVICE FUND Trial Balance June 30, 2006 Debit Cash $ 17,200 Receivable from General Fund 12,000 Inventory of supplies 128,600 Capital assets 1,304.800 Accumulated depreciation of capital assets Vouchers payable Net.assets, July 1, 2005 Charges for services Operating expenses 320,000 Totais $2282,600 3655,500 28,600 1,273,600 324,800 52:282.600 Among the activities of Calabash County for the fiscal year beginning July 1, 2005, and ending June 30, 2006, were the following: 2005 daly Approved the annual budget for the Gasoline Tax Special Revenue Fundas foi lows Appropriations, S600.000: estimated revenues, S640,000, 5 Executed a contract for the construction of a new public library at a total cost of $5 million Au Authorizedia special assessment of $400,000 on residents of the North Sub- division for construction of sidewalks. The special assessment, which was payable in five annual installments of $80,000 beginning October 1, 2005, with interesat 9% a year on the unpaid installments, was to be accounted for in the Special Assessment Special Revenue Fund Sept Acquired from proceeds of general tax revenues equipment costing $20,000 (the related purchase order was for $19,600). The equipment was to be used by the general government of Calabash County, which does not depreciate plant assets, in the voluntarily maintained General Capital Assets Account Group The countyises encumbrance accounting Instructions Prepare joumal entries for the fiscal year orded June 30, 2006, for the foregoing transac- itions or events of Calabash County, Identify the funds or account groups in which the jour nal entries are recorded. www.uvu. Dupuluwan