Governmental accounting

On July 1,20X3, the City of Pend Oreille decided to purchase a privately operated swimming pool and to create a Swimming Pool Enterprise Fund for the citizens of the city. During the year, the attached transactions occurred which related to this enterprise fund. REQUIRED: (1) Using the attached forms, record the attached transactions in proper general journal form. Omit explanations. Use the letter of the transaction as the date. (2) Using the attached form, prepare, in proper form, a statement of revenues, expenses, and changes in net position for the City of Pend Oreille Swimming Pool Enterprise Fund for the year ending June 30, 20X4. (3) Using the attached form, prepare, in proper form, a statement of net position for the City of Pend Oreille Swimming Pool Enterprise Fund as of June 30 , 20X4. CITY OF PEND OREILLE TRANSACTIONS FOR SWIMMING POOL ENTERPRISE FUND FOR FISCAL YEAR ENDING JUNE 30, 20X4 (a) A permanent contribution of $500,000 was received from the General Fund. Of this contribution, $400,000 was designed to purchase the assets for the fund and the remainder was for operating capital for the fund. (b) Revenue bonds were issued at par in the amount of $400,000. These bonds were issued to purchase the assets for the fund. (c) The swimming pool and associated equipment and supplies were purchased for $800,000 cash. The cost breakdown was as follows. (f) Supplies were used in the amount of $80,000. (g) Depreciation was recorded for land improvements, $20,000, and for equipment, $20,000. (h) The books were closed for the period. \begin{tabular}{|l|l|l|l|l|} \hline (3) & \multicolumn{1}{|c|}{CITYOFPENDOREILLESWIMMINGPOOLENTERPRISEFUNDSTATEMENTOFNETPOSITIONASOFJUNE30,20X4} \\ \hline & \multicolumn{1}{|c|}{ ASSETS } & & \\ \hline & Current and Restricted Assets: & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & Total Current and Restricted Assets & & & \\ \hline & Plant and Equipment: & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & Total Plant and Equipment & & & \\ \hline & TOTAL ASSETS & & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{CCTYOFPENDOREILLESWIMMINGPOOLENTERPRISEFUNDSTATEMENTOFNETPOSITIONASOFJUNE30,20X4} \\ \hline & \multicolumn{1}{|c|}{ LIABILITIES } & & & \\ \hline & Current Liabilities: & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & NOTAL LIABILITIES & & & \\ \hline & NOSITION & & & \\ \hline & Net Position: & & & \\ \hline & \multicolumn{1}{|c|}{} & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & TOTAL NET POSITION & & & \\ \hline & & & & \\ \hline \end{tabular}