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Can I get help mainly on problem E10-39 please. government- wide financial statements. E10-39. (Reporting reconciliation between fund and government-wide financial statements) LO 6 Return
Can I get help mainly on problem E10-39 please.
government- wide financial statements. E10-39. (Reporting reconciliation between fund and government-wide financial statements) LO 6 Return to your solution to Exercise E10-30, regarding Sai-Tu Village's bonds payable. Using the journal entries you prepared for that exercise, prepare the wording and the numbers you would use in describing the reconciliation of the amounts reported in the two governmental fund financial statements to the two government-wide financial statements. Juusta entry needed to adjust Simon's 2019 governmental fund financial statements so government-wide statements can be prepared. E10-30. (Long-term debt adjustments for government-wide financial statements) Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the govemmental activities column of its government-wide statement of net position for the year ended December 31, 2019. Dur- ing 2020, Sai-Tu Village sold $500,000 of new general obligation bonds and repaid $300,000 of bonds outstanding at the beginning of the year. Prepare journal entries needed to adjust Sai-Tu's fund financial statements so government-wide statements can be prepared for the year ended December 31, 2020Step by Step Solution
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