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PLEASE HELP ME ANSWER THE (HIGHLIGHTED BLUE PARTS OF THE QUESTION). THE NUMBERS THAT I HAVE ANSWERED, I BELIEVE THAT THEY ARE CORRECT. Preparation of
PLEASE HELP ME ANSWER THE (HIGHLIGHTED BLUE PARTS OF THE QUESTION). THE NUMBERS THAT I HAVE ANSWERED, I BELIEVE THAT THEY ARE CORRECT.
Preparation of government-wide statement of activities Hamilton Township has governmental activities but no business-type activities. The following information is taken from Hamilton Township's December 31, 2022, trial balance after all adjustments were made for preparation of the government-wide financial statements. Hamilton Township Trial Balance Revenues-property taxes Revenues-sales taxes State operating aid-police program State operating aid-town road maintenance State capital aid-town road maintenance Fees-sanitation Fees-programs for youth and seniors Fees-parks admissions Revenue from sale of donated property General government expenses Police program expenses Road maintenance program expenses Sanitation program expenses Parks and recreation program expenses Youth and senior program expenses Net position-beginning of year $6,500,000 4,350,000 820,000 500,000 100,000 150,000 130,000 170,000 850,000 1,250,000 5,230,000 1,950,000 2,820,000 1,050,000 650,000 6,250,000 Using the appropriate format, prepare a statement of activities for Hamilton Township for the year ended December 31, 2022. (Assume that revenues from sales of donated property are reported as special items.) Enter revenues in order of magnitude (largest to smallest) Hamilton Township Statement of Activities For the Year Ended December 31, 2022 Program Revenues Net (Expenses) Revenues and Expenses Charges for Services Operating Grants Capital Grants Changes in Net Position $ 1250000 $ 0 $ 0 $ 0 $ 5230000 0 0 0 1950000 0 0 0 2820000 0 0 0 o o 1050000 0 0 0 650000 0 0 0 $ 12950000 $ 0 $ 0 $ 0 $ 0 Functions General government Police Road maintenance Sanitation Parks and recreation Youth and senior Total government General revenues: Property taxes Sales taxes Special item - revenue from sale of donated property Total general revenues and special items Change in net position Net position at beginning of year Net position at end of year Please answer all parts of the question. $ 6500000 4350000 850000 11700000 0 6,250,000 $ 0 Preparation of government-wide statement of activities Hamilton Township has governmental activities but no business-type activities. The following information is taken from Hamilton Township's December 31, 2022, trial balance after all adjustments were made for preparation of the government-wide financial statements. Hamilton Township Trial Balance Revenues-property taxes Revenues-sales taxes State operating aid-police program State operating aid-town road maintenance State capital aid-town road maintenance Fees-sanitation Fees-programs for youth and seniors Fees-parks admissions Revenue from sale of donated property General government expenses Police program expenses Road maintenance program expenses Sanitation program expenses Parks and recreation program expenses Youth and senior program expenses Net position-beginning of year $6,500,000 4,350,000 820,000 500,000 100,000 150,000 130,000 170,000 850,000 1,250,000 5,230,000 1,950,000 2,820,000 1,050,000 650,000 6,250,000 Using the appropriate format, prepare a statement of activities for Hamilton Township for the year ended December 31, 2022. (Assume that revenues from sales of donated property are reported as special items.) Enter revenues in order of magnitude (largest to smallest) Hamilton Township Statement of Activities For the Year Ended December 31, 2022 Program Revenues Net (Expenses) Revenues and Expenses Charges for Services Operating Grants Capital Grants Changes in Net Position $ 1250000 $ 0 $ 0 $ 0 $ 5230000 0 0 0 1950000 0 0 0 2820000 0 0 0 o o 1050000 0 0 0 650000 0 0 0 $ 12950000 $ 0 $ 0 $ 0 $ 0 Functions General government Police Road maintenance Sanitation Parks and recreation Youth and senior Total government General revenues: Property taxes Sales taxes Special item - revenue from sale of donated property Total general revenues and special items Change in net position Net position at beginning of year Net position at end of year Please answer all parts of the question. $ 6500000 4350000 850000 11700000 0 6,250,000 $ 0Step by Step Solution
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