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Presented below is information for the governmental activities for the City of Cricket Hill for the year ended December 31, 20X9. Prepare in good
Presented below is information for the governmental activities for the City of Cricket Hill for the year ended December 31, 20X9. Prepare in good form a statement of activities for governmental activities only for 20X9. General property taxes revenue Unrestricted grants Restricted grants for public safety Capital grants for highways Increase in fair value of investments Interest on Investments Principal paid on general long-term liabilities Interest expense on general long-term liabilities Expenses: Expenses for general administration Expenses for public safety Expenses for highways and streets Expenses for health and welfare Fees charged for health and welfare programs Transfer to Enterprise Fund Collection of interfund advance to Enterprise Fund established three years ago Proceeds from sale of capital assets (book value of $25,000) Net assets, governmental activities, January 1, 20X9 300,000 70,000 108,000 100,000 270,000 7,000
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