ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS

Attached is the preclosing trial balance for the City of Oakdale Golf Course Enterprise Fund for the fiscal year ending December 31, 20x8. REQUIRED: Using the trial balance provided, compute the following for this enterprise fund. (1 Total net position. (2) Net investment in capital assets. (3) Restricted net position. (4) Unrestricted net position. CITY OF OAKDALE GOLF COURSE ENTERPRISE FUND TRIAL BALANCE AT DECEMBER 31, 20X8 Account Debit Credit Cash Accounts Receivable Estimated Uncollectible Accounts Cash--Restricted For Debt Service Cash--Restricted For Customer Deposits Land Equipment Accumulated Depreciation, Equipment Buildings Accumulated Depreciation, Buildings Accounts Payable Customers' Deposits Payable Revenue Bonds Payable Accrued Interest Payable-Revenue Bonds Net Position, January 1, 20X8 Rental Revenues Personal Services Expense Utilities Expense Repairs and Maintenance Expense Depreciation Expense, Building Depreciation Expense, Equipment Interest Expense Estimated Uncollectible Accounts Expense Supplies Expense 15,045 37,000 5,000 150,000 23,000 900,000 325,000 105,000 1,500,000 650,000 20,835 23,000 1,000,000 6,500 940,740 800,000 380,000 63,000 47,000 50,000 15,000 40,030 5,000 1,000 Totals S 3.551,075 3.551,075