I ONLY NEED HELP WITH PART C, NOT PART A OR B, PLEASE AND THANK YOU The city of Pleasantvilles Data Processing Fund, an Internal Service Fund, had the following transactions and events during calendar year 2021 The Fund provides services for a fee to all departments of Pleasantvilles government Prepare (a) the journal entries necessary to record the transactions and events in the Data Processing Fund (b) a statement of revenues, expenses, and changes in net position for the Data Processing Fund for 2021 and (c) a statement of net position as of December 31, 2021 1 The General Fund made a $2,000,000 transfer of cash to establish the Data Processing Fund 2 The Data Processing Fund pays cash for a $1,900,000 computer 3 Supplies costing $4,500 were purchased on credit 4 Bills totaling $650,000 were sent to the various city departments 5 Repairs to the computer were made at a cost of $2,400, on credit 6 Collections from city departments for services (see 4) were $629,000 7 Salaries of $200,000 were paid to the employees 8 Accounts payable totaling $5,900 was paid 9 As of the end of the year, $300 of supplies (see 3) had not been used 10 Depreciation expense on the computer for the year was $250,000 11 The city charged the Data Processing Fund $2,000 for the rental of office space and $500 for the lease of office equipment for the year Both leases are for 12 months This amount was unpaid at the end of the year 12 Miscellaneous expenses not paid by the end of the year totaled $700 These amounts were owed to businesses outside the city of Pleasantville C) Prepare a statement of net position as of December 31, 2021 Enter all amounts as positive numbers City of Pleasantville Data Processing Internal Service Fund Statement of Net Position December 31, 2021 Assets Current assets $ o 0 0 Due from City departments O O o O O Total current assets TA $ $ 0 Noncurrent assets Computer equipment 0 0 O 0 0 Total noncurrent assets Total assets Liabilities Current liabilities Accounts payable O 0 O 0 0 Total current liabilities Net position 0 O o 0 Unrestricted Total net position $ 0

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I ONLY NEED HELP WITH PART C, NOT PART A OR B, PLEASE AND THANK YOU     The city of Pleasantvilles Data Processing Fund, an Internal Service Fund, had the following transactions and events during calendar year 2021  The Fund provides services for a fee to all departments of Pleasantvilles government  Prepare (a) the journal entries necessary to record the transactions and events in the Data Processing Fund  (b) a statement of revenues, expenses, and changes in net position for the Data Processing Fund for 2021  and (c) a statement of net position as of December 31, 2021  1  The General Fund made a $2,000,000 transfer of cash to establish the Data Processing Fund  2  The Data Processing Fund pays cash for a $1,900,000 computer  3  Supplies costing $4,500 were purchased on credit  4  Bills totaling $650,000 were sent to the various city departments  5  Repairs to the computer were made at a cost of $2,400, on credit  6  Collections from city departments for services (see  4) were $629,000  7  Salaries of $200,000 were paid to the employees  8  Accounts payable totaling $5,900 was paid  9  As of the end of the year, $300 of supplies (see  3) had not been used  10  Depreciation expense on the computer for the year was $250,000  11  The city charged the Data Processing Fund $2,000 for the rental of office space and $500 for the lease of office equipment for the year  Both leases are for 12 months  This amount was unpaid at the end of the year  12  Miscellaneous expenses not paid by the end of the year totaled $700  These amounts were owed to businesses outside the city of Pleasantville  C) Prepare a statement of net position as of December 31, 2021  Enter all amounts as positive numbers  City of Pleasantville Data Processing Internal Service Fund Statement of Net Position December 31, 2021 Assets  Current assets  $ o 0 0 Due from City departments O O o O O Total current assets TA $ $ 0 Noncurrent assets  Computer equipment 0 0 O 0 0 Total noncurrent assets Total assets Liabilities  Current liabilities  Accounts payable O 0 O 0 0 Total current liabilities Net position  0 O o 0 Unrestricted Total net position $ 0

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I ONLY NEED HELP WITH PART C, NOT PART A OR B, PLEASE AND THANK YOU!!!! The city of Pleasantvilles Data Processing Fund, an Internal

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