Listed below are ten independent transactions. For each one, show the impact

[Increase (I) , Decrease (D), or No Effect (NE) ] on the line item indicated for each of the following financial statements: (Do NOT leave a line blank.)

1. Statement of Activities -- government-wide (governmental activities)

(line item) Change in Net Position

2. Statement of Revenues, Expenditures, and Changes in Fund Balances --

governmental funds

(line item) Net Change in Fund Balances

3. Statement of Revenues, Expenses, and Changes in Fund Net Position

proprietary funds

(line item) Change in Net Position

A B C

1. Depreciation expense_________________________________________________

2. Acquire capital assets____________________________________________________

3. Issue long-term bonds payable_______________________________________________________________

4. Pay interest on these bonds_____________________________________________

(Interest expense had been accrued).

5. Grant from state government__________________________________________

6. Original budgetary entry_______________________________________________

7. Set up encumbrance for purchase order________________________________

8. Closing entries (operating accounts)______________________________________

9. Accrue property tax revenue (general fund)_______________________________________________________________