Here are some check figures provided! Please show the full financial statements for both problems!
Undistributed Tax Collection Agency Fund:
1. Statement of Changes in Assets and Liabilities
Total Additions, Assets = $51,320,687
Total Deductions, Assets = %$1,462,977
Total Additions, Liabilities = $26,906,340
Total Deductions, Liabilities = $27,048,630
2. Statement of Net Position
Total Assets = $115,751
Pension and Other Employee Benefit Trust Fund:
1. Statement of Changes in Net Position
Total Additions = $13,820,088
Total Deductions = $24,061,702
2. Statement of Net Position
Total Assets = $114,542,334
Ending Net Position = $112,974,827
G A C E H 1 AGENCY PROBLEM: 2 City of Cardinals Fiduciary Funds Shown below is the trial balance for the Undistributed Tax Collection Agency Fund for a municipality. 4 Additions/ Deductions Ending 5 Beginning Amounts are in Sthousands Balance Balance 6 DR CR DR CR DR CR 51,005,517 51,150,141 Cash 8 243,601 14,440 98,977 Accounts receivable 315,170 312,836 16,774 10 Accounts payable 11 Dueto other governments 12 Deferred revenue C 193,497 285,993 92,496 26,379,233 | 26,142,113 243,601 6,481 14,440 258,041 475,900 478,234 16,774 13 Total 14 Please prepare: 78,369,317 78,369,317 115,751 258,041 115,751 (1)a statement of Changes in Assets and Liabilities, and 15 (2) a Statement of Net Position 16 17 18 19 TRUST PROBLEM: 20 City of Coops 21 Fiduciary Funds 22 Shown below is the trial balance for the Pension and Other Benefit Trust Fiduciary Fund 23 for a municipality. 24 DR CR 25 Cash 4,083,496 26 Investments 27 Accrued interest receivable 28 Accounts payable 29 Accrued liabilities 30 Net position 31 Add-employer contributions 32 Add-premium contribution 33 Add-plan members contribution 34 Add-investment earnings/loss 35 Ded-benefits 36 Ded-refunds of contributions 37 Ded-Retiree premium payments 38 Ded-Administrative expenses 110,278,771 180,067 742,407 825,100 123,216,441 5,778,701 9,698,287 827,212 2,484,112 7,374,551 6,348,041 9,698,287 640,823 141,088,148 141,088,148 39 Total 40 41 Please prepare: (1) a statement of Changes in Net Position, and (2) a Statement of Fiduciary Net Position 42 43 44 45 46 problem trust-solution agency-solution G A C E H 1 AGENCY PROBLEM: 2 City of Cardinals Fiduciary Funds Shown below is the trial balance for the Undistributed Tax Collection Agency Fund for a municipality. 4 Additions/ Deductions Ending 5 Beginning Amounts are in Sthousands Balance Balance 6 DR CR DR CR DR CR 51,005,517 51,150,141 Cash 8 243,601 14,440 98,977 Accounts receivable 315,170 312,836 16,774 10 Accounts payable 11 Dueto other governments 12 Deferred revenue C 193,497 285,993 92,496 26,379,233 | 26,142,113 243,601 6,481 14,440 258,041 475,900 478,234 16,774 13 Total 14 Please prepare: 78,369,317 78,369,317 115,751 258,041 115,751 (1)a statement of Changes in Assets and Liabilities, and 15 (2) a Statement of Net Position 16 17 18 19 TRUST PROBLEM: 20 City of Coops 21 Fiduciary Funds 22 Shown below is the trial balance for the Pension and Other Benefit Trust Fiduciary Fund 23 for a municipality. 24 DR CR 25 Cash 4,083,496 26 Investments 27 Accrued interest receivable 28 Accounts payable 29 Accrued liabilities 30 Net position 31 Add-employer contributions 32 Add-premium contribution 33 Add-plan members contribution 34 Add-investment earnings/loss 35 Ded-benefits 36 Ded-refunds of contributions 37 Ded-Retiree premium payments 38 Ded-Administrative expenses 110,278,771 180,067 742,407 825,100 123,216,441 5,778,701 9,698,287 827,212 2,484,112 7,374,551 6,348,041 9,698,287 640,823 141,088,148 141,088,148 39 Total 40 41 Please prepare: (1) a statement of Changes in Net Position, and (2) a Statement of Fiduciary Net Position 42 43 44 45 46 problem trust-solution agency-solution
