Question
can you help me with this please Durlng the current year. the Town of Mashpee hed a number of transections thet effected net position of
can you help me with this please
Durlng the current year. the Town of Mashpee hed a number of transections thet effected net position of tcrun golf course, whlch Is operated as en enterprlse fund. You are provlded with the follovvlng Informatlon. 1. The beglnnlng net pos.ltlon balances are net Investment In capital assets. S680,400: restricted for renovellon of the check-in stand, $0, and unrestricted. Sl,355.888 2. Net Income for the year was S162.g03_ 3. Deprecletlon expense totaled $54.048_ 4. A plece of equlpment with e cartylng value of $26,500 was sold for $25,400 5. Bonds for S500.OOO were Issued to construct a new pro shop. A1 the end of the year, the shop wes partlally complete, and construction work In progress totaled S248.238_ 6. A S15,014 prlnclpal payment was mode on a lease obl'gatlon_ 7 A new golf ball retrlevlng machine was purchased for $290,000. At the end of the year. S30,400 note associated wlth the mechlne remalns outstandlng_ 8. The check-ln stand was completed for S52500 of construction costs Incurred tills year. Prepare the net posltlon sectlon of Mashpee's statement of net posltlon. Golf Enterpri Partial Statement of Net Net Position: Net PositioNet In Net Net Net Position
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started