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Journal entry worksheet Record cost of cleaning and repairing street lights. Note: Enter debits before credits. A city government adds streetlights within its boundaries at

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Journal entry worksheet Record cost of cleaning and repairing street lights. Note: Enter debits before credits. A city government adds streetlights within its boundaries at a total cost of $252,000. These lights should burn for at least 8 years but can last significantly longer If maintained properly. The city develops a system to monitor these lights with the goal that 97 percent will be working at any one time. During the year, the city spends $51,500 to clean and repair the lights so that they are working according to the specified conditions. The city also spends another $90,000 to construct lights for several new streets. o. Prepare the entries assuming infrastructure assets are capitalized with depreciation recorded on government-wide financial statements. b. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on governmentwide financial statements. Journal entry worksheet Record cost of cleaning and repairing street lights. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Wote: crnter uevits velore creales. Journal entry worksheet Record additional amount spent to add more lights. Note: Enter debits before credits. Journal entry worksheet Record additional amount spent to add more lights. Note: Enter debits before credits. Journal entry worksheet 23 Record street lights added. Note: Enter debits before credits

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