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1. A Municipal Assemblys records shows the following account balances. GHC Rates 10,529,984 Grants for capital 2,118,783 Fees 3,587,218 Social benefits 111,761 Rent of land

1. A Municipal Assemblys records shows the following account balances. GHC Rates 10,529,984 Grants for capital 2,118,783 Fees 3,587,218 Social benefits 111,761 Rent of land and other properties 35,029 Licenses 5,882,250 Capital expenditure 10,281,099 Fines, penalties and forfeits 143,742 Compensation of employees 12,370,688 Lands and royalties 3,067,230 Grants for recurrent expenditure 9,979,120 Miscellaneous revenue 46,849 Other expenses 1,446,299 Use of goods and services 11,493,516 Investment 33,835 Debtors 3,452,712 Staff welfare 1,599 Staff advances 13,835 Cash at bank 1,656,080 Accumulated fund 31/12/2020 5,442,123 Creditors 38,738 Deposit 3,155 Cash in hand 15,995 Required: You are to prepare for the Assembly for the period, 31st December 2021 i. A Trial Balance ii. A Statement of Revenue and Expenditure iii. A Statement of Reserves and iv. A Statement of Financial Position

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