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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 000s omitted.) Requilred Using the trial balance provided by the town, prepare a government-wide statement of net position. (Enter your answers ln thousends.)
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