Need to prepare the financial statements and journal entries based on the credit and debits i provided.

Gov'tal Fund Balances Balances for Gov't-wide Stmts Adjustments & Eliminations Internal Service Funds DEBITS: Cash Investment in corporate bonds Taxes Reccivable Due from other governments Accrued interest receivable Supplies Invento Due from Other Funds Capital Assets net of accumulated 340,348 502,400 51,325 280,000 1,700 350 340,348 502,400 51,325 280,000 1,700 350 0 depreciation (two rows) 0 Expenditures (expenses) Current General Govt. 181,560 12,700 0 181,560 Libra 12,700 Other Expenditures (expenses - Debt Service Principal 22,000 21,000 651,900 22,000 21,000 651,900 0 65,800 Interest expenselexpenditure - Capital Outla ciation Other Fin. Uses Transfers Out 65,800 Total Debits 2,131,083 2,131,083 Total Debits 2,131,083 2,131,083 CREDITS Accounts Payable Wages Payable Deferred Inflows Pro Contracts Payable 6,100 850 22,600 25,000 6,100 850 22,600 25,000 0 taxes Accrued Interest Payable Bank Note Payable 0 Bonds Payable (two rows Premium on Bonds Advance from Water Utility Fund 0 Revenues Pro Intergovernmental Revenues Investment income 0 0 0 262,075 280,000 21,100 262,075 280,000 21,100 Taxes Other Financing Sources Proceeds of Bonds Proceeds of Bond premium Transfers In Net Position at beginning of year 700,000 22,800 65,800 0 700,000 22,800 65,800 (two rows) Total Credits 724,758 2,131,083 724,758 2,131,083 tals Journal entries Worksheet Journal Entries to Convert to the Accrual basis of Accounting debits $ credits $ Jefferson Count Statement of Activities for the year ended 12-31-2017 Program Revenues Net (Expense) Revenue and Change in Net Position Operational Capital Grants Charges for Grants and and GovernmentBusiness-Type Expenses ServicesContributions Contributions Activities Activities Total Functions/Programs Governmental Activities: General Government Lib Depreciation Interest Total Governmental Activities Business Type Activities 0 Water and Sewer Total Government General Revenues Taxes Taxes Intergovernmental revenues Investment Income Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending Jefferson Count Statement of Net Position as of 12-31-2017 Governmental Activities Business-Type Activities Total Assets Cash Investments Taxes Receivable (Net) Interest Receivable Internal Balances Current Due from Other Governments Inventories Internal Balances Long-Term Capital Assets, Net of Accumulated Depreciation Total Assets Liabilities Accounts Payable Wages Payable Accrued Interest Payable Contract Payable Bank Note Payable Bonds Payable Premium on Bonds Sold Total Liabilities Net Position Net investment in capital assets Restricted Unrestricted Total Net Position