all the information is provided I didn't post the journal entry but the information is provided. Can I get another "expert" to provide a better explanation?

Reconciliations required to yield government-wide financial statements from fund financial statements and preparation of financial statements The City of Jackson Hole is preparing its government-wide financial statements for the year. Its accountant must prepare a number of journal entries to recognize assets and liabilities previously omitted from the fund financial statements and to recognize revenues and expenses for the year under accrual accounting that were not recognized under the current financial resources measurement focus and the modified accrual basis of accounting used to prepare the Statement of Revenues, Expenditures, and Changes in Fund Balances for its funds.

a. Prepare the journal entries for the required reconciliations to recognize the following in the government-wide financial statements (all amounts in $1,000s):

1. Recognize Capital Assets of $979,320 as of the beginning of the year. 2. Record Depreciation Expense of $50,416 for the year and reverse Expenditures of $60,099 for Capital Outlays during the year. 3. Recognize $7,000 of Bonds Payable as of the beginning of the year. 4. Reverse Other Financing Sources of $2,000 and ExpendituresDebt Payments of $700 relating to increases and decreases in the bond liability during the year. 5. Reverse Deferred Revenue of $143,600 as of the beginning of the year. 6. Reverse $6,630 of Deferred Revenue recognized during the year. 7. Recognize Compensated Absences of $21,366 as of the beginning of the year and an increase in that liability of $2,968 during the year. 8. Recognize $20 of Accrued Interest Payable as of the beginning of the year and an increase in that liability of $33 during the year. 9. Recognize a liability of $28,629 relating to the Citys landfill as of the beginning of the year. The estimate for this liability did not change during the year.

Balance Sheet								Statement of Revenues, Expenditures, and Changes in Fund Balances
Cash					153,250			Revenues
Receivables								Real estate taxes					$457,470
Real estate and personal property					12,240			Intergovernmental					83,538
Intergovernmental					126,577			Total revenues					541,008
Total assets					292,067
								Expenditures
Payables					$14,485			General government					78,038
Deferred revenues					150,230			Public safety					52,026
Total liabilities					164,715			Education					312,154
Fund balances								Public works					26,013
Assigned					36,270			Human services					52,026
Unassigned					91,082			Debt principal payments					700
Total fund balances					127,352			Debt interest payments					100
Total liabilities and fund balances					292,067			Total expenditures					521,057
								Excess (deficiency) of revenues over expenditures					19,951
								Other financing sources (uses)
								Proceeds from bonds					2,000
								Total other financing sources (uses)					2,000
								Net change in fund balances					$21,951
								Fund balances at beginning of year					105,401
								Fund balances at end of year					$127,352

b. The City of Jackson Hole reports the following summary fund financial statements for its General Fund:

Given these fund financial statements and the reconciliations in Part a, prepare the government-wide Statement of Net Position and identify the Revenues, Expenses and Change in Net Position that should be reported in the Statement of Activities for the year.

Complete the worksheet below to yield the Government-Wide financial statements using the fund financial statements above and journal entries completed in part a.

HINT: Use negative signs in the last column when appropriate.

Balance Sheet				Debit		Credit			Statement of Net Position
Cash	153,250								Answer
Receivables:
Real estate & personal property	12,240								Answer
Intergovernmental	126,577								Answer
Capital assets, net	-		1	Answer					Answer
			2	Answer
Total Assets	292,067								Answer
Payables	$14,485								Answer
Accrued interest	-					Answer			Answer
Bond and notes payable	-					Answer			Answer
Compensated advances	-					Answer			Answer
Landfill closure/postclosure care costs	-					Answer			Answer
Deferred revenues	150,230		5	Answer					Answer
			6	Answer
Total Liabilities	164,715								Answer
Fund Balance	$127,352
Adjustments:			3	Answer		Answer		1
			7	Answer		Answer		5
			8	Answer
			9	Answer
Net income adjustments			calculated below			Answer
Fund balance (adjusted)	-								Answer
Total liabilities and fund balances	292,067								Answer
Statement of Revenues, Expenditures and Changes in Fund Balances				Debit		Credit			Statement of Activities
Total revenue	$541,008					Answer			Answer
Total expenditures	521,057								Answer
Adjustments:
Debt principal payments						Answer			Answer
Depreciation/capital outlay			2	Answer		Answer			Answer
Compensated absences			7	Answer					Answer
Interest expense			8	Answer					Answer
Total expenses									Answer
Misc. adjustments
Proceeds from bonds	2,000			Answer					Answer
Excess (Deficiency) of Revenues over Expenditures/Change in Net Position
	$21,951			Answer		Answer Incorrect Mark 0.00 out of 1.00			Answer