7 points The City of Home a general purpose government reported fund balances in the amount of $17.900.000 in the governmental funds balance sheet dated December 11.2000 in the following formation is rent 1. General government capital assets amounted to 540320.000. Accumulated depreciation of these capital assets amounted to $16.720.000. Enterprise fund capital amoured with cumdatud 2. Internal service fundit net ses amounted to 5.600.000. These were reported in the proprietary fundsfund basis statements but are departments in the General Pund 3. Property Taxes which should be recognized as revenue in the government wide statements, amounted to $ 200.000. The balance of deferred informes property from the previous year was $245.000 5. General long term labilities of the government amounted to (1) general obligation bonds of $8.000.000 and (2) compensated absences payable of $2.800.000 Revenue Bonds Paytle in the writers and totam 52.500.000 Required: Prepare a reconciliation from the fund balances recognised in the governmental funds balance sheet to the rest Position reconsued in the governmental funds calumn of the government de surement of Het Posten For the toolbar, press ALTF10 PC or ALTENF10 (Mac) BTWS Paragraph Arial TA 15 7 pinta They of Homer purpose overnment reported tund tiles in the amount of $17.500.000 the government base dated December 31, 2020, the information 1. General government is mounted to 546.330.000. Actuate depreciation of the code 300 pound captam 16.000 2. Internal service funds net med to $3.500.000. These were reported in the propery indeed 2. Property T which should be recognized as the government to come for 12. 4. Leon to the amount reported the funds best new 12.000 3. General long terms of the government amounted to do 200.000 de 12.500.000 Required more For Mac S 7 points The City of Home, a peneral purpose government reported fund balances in the amount of 517.000.000 in the governmental funds balance sheet dated December 31, 2020. In addition, the following information is relevant 1. General government capital assets amounted to 540.320.000 Accumulated depreciation of those capital assets amounted to 51.720.000. Enterprise fund capital ansats amounted to $24.400.000 with accumulated 2. Internal service funds net assets amounted to 1.000.000. These were reported in the proprietary fundsfund bass statements but serve departments in General Fund Property Taves, which should be recognised as revenue in the government wide sements, amounted to $ 200.000 The balance of deer infowarty w from the previous year was $245.000 4.Labin addition to the amount reported in the overnmental and balance sheet inced cred interest payabi, 1432.000 Generatione ambities of the government amounted to per obligation ands of $8.000.000 and (2) compensated absences payable of $2.000.000 Revenue Bons Payable in the enterprise find totale 12.500.000 Required: Prepare a reconciliation from the fund balances recognized in the governmental funds balance sheet to the Position record in the governmental funds column of the government-wide statement of Net Position
