One-Worksheet ConversionGovernmental ActivitiesAppendix Soucy Township Total Governmental Funds Pr

One-Worksheet Conversion Governmental Activities Appendix Soucy Township Total Governmental Funds Preclosing Trial Balance December 31, 20X7

Soucy Township General Capital Assets and General Long-Term Liabilities Accounts Trial Balance January 1, 20X7

Additional Information 1. Deferred Revenues (other than for grants) at the beginning of the year were $2,200,000 all associated with taxes. 2. The operating grants were for Health and Sanitation. 3. Accrued interest payable at January 1, 20X7, was $50,000; at December 31, it was $47,500. 4. Depreciation expense on the buildings and on the equipment is associated with functions as follows: General Government, 10%; Public Safety, 50%; Highways and Streets, 25%; and Health and Sanitation, 15%. Assume zero salvage value. 5. The county and state own all of the roads in the township, but the township is responsible for most ongoing maintenance.

Required The December 31, 20X7, total fund balance (postclosing) was $6,764,000. Prepare a balance sheet conversion worksheet to derive government-wide, governmental activities data for SoucyTownship.

P14-8 (Operating Statement Conversation Worksheet-Government Activities) using the data from P14-7, Prepare worksheet needed to derive government wide, government activities data for Sourcey Township for 20X17.