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Following is the governmental activities preclosing trial balance for the Town of Freaz. Freaz is a relatively small town and, as a result, it has
Following is the governmental activities preclosing trial balance for the Town of Freaz. Freaz is a relatively small town and, as a result, it has only governmental funds (i.e., it uses no proprietary funds). There are no component units. To complete the financial statements for The restricted net position for debt service increased $117 for FY 2023. The net position accounts do not reflect FY 2023 depreciation of $1,540 that was allocated to the functions of government. (All 000 s omitted.) Required Using the trial balance provided by the town, prepare a government-wide statement of net position. (Enter your answers in thousands.) sing the trial balance provided by the town, prepare a government-wide statement of activities. (Enter your answers in thousands. eductions should be indicated by a minus sign.) \begin{tabular}{|l|l|l|} \hline & & \\ \hline & \multicolumn{1}{|c|}{ Total General Revenues } \\ \hline & 0 \\ \hline 0 \\ \hline & Increase in Unrestricted Net Position \\ \hline & Net Position, July 1,2022 \\ \hline & Net Position, June 30, 2023 \\ \hline \end{tabular} Following is the governmental activities preclosing trial balance for the Town of Freaz. Freaz is a relatively small town and, as a result, it has only governmental funds (i.e., it uses no proprietary funds). There are no component units. To complete the financial statements for The restricted net position for debt service increased $117 for FY 2023. The net position accounts do not reflect FY 2023 depreciation of $1,540 that was allocated to the functions of government. (All 000 s omitted.) Required Using the trial balance provided by the town, prepare a government-wide statement of net position. (Enter your answers in thousands.) sing the trial balance provided by the town, prepare a government-wide statement of activities. (Enter your answers in thousands. eductions should be indicated by a minus sign.) \begin{tabular}{|l|l|l|} \hline & & \\ \hline & \multicolumn{1}{|c|}{ Total General Revenues } \\ \hline & 0 \\ \hline 0 \\ \hline & Increase in Unrestricted Net Position \\ \hline & Net Position, July 1,2022 \\ \hline & Net Position, June 30, 2023 \\ \hline \end{tabular}
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