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Please help me solve for parts A, B & C all the red x's. Juring FY 2023 , the voters of Surprise County approved construction
Please help me solve for parts A, B & C all the red x's.
Juring FY 2023 , the voters of Surprise County approved construction of a $21 million police facility and an $11 million fire station to iccommodate the county's population growth. The construction will be financed by tax-supported bonds in the amount of $30 million, $1 million economic stimulus grant, and a portion of future use tax revenues. During 2023 , the following events and transactions Required 3. Prepare journal entries to record the the following transactions in a single Surprise County Construction Fund, in a capital projects fund, and in the governmental activities general journal at the government-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollar amounts and not in millions.) 3. Entered into a construction contract for $32 million $21 million was for the police facility and $11 million was related to the fire station. 9. The fire station was completed, and a final invoice for the remaining $5 million was received. All fire station construction charges incurred can be capitalized as buildings. \begin{tabular}{|l|l|l|l|} \hline 9d & & Record the completion of the fire station construction contract. \\ \hline & & Buildings \\ \hline & & Construction Work in Progress-Fire \\ \hline & & & 13,032,000 \\ \hline \end{tabular} b. Prepare a Surprise County Construction Fund balance sheet for the year ended December 31, 2023. (Enter your answers in whole dollar amounts and not in millions.) \ Answer is complete but not entirely correct. c. Prepare a Construction Fund statement of revenues, expenditures, and changes in fund balances for the year ended December 31 , 2023. (Negative amounts should be indicated by a minus sign. Enter your answers in whole dollar amounts and not in millions.) Juring FY 2023 , the voters of Surprise County approved construction of a $21 million police facility and an $11 million fire station to iccommodate the county's population growth. The construction will be financed by tax-supported bonds in the amount of $30 million, $1 million economic stimulus grant, and a portion of future use tax revenues. During 2023 , the following events and transactions Required 3. Prepare journal entries to record the the following transactions in a single Surprise County Construction Fund, in a capital projects fund, and in the governmental activities general journal at the government-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollar amounts and not in millions.) 3. Entered into a construction contract for $32 million $21 million was for the police facility and $11 million was related to the fire station. 9. The fire station was completed, and a final invoice for the remaining $5 million was received. All fire station construction charges incurred can be capitalized as buildings. \begin{tabular}{|l|l|l|l|} \hline 9d & & Record the completion of the fire station construction contract. \\ \hline & & Buildings \\ \hline & & Construction Work in Progress-Fire \\ \hline & & & 13,032,000 \\ \hline \end{tabular} b. Prepare a Surprise County Construction Fund balance sheet for the year ended December 31, 2023. (Enter your answers in whole dollar amounts and not in millions.) \ Answer is complete but not entirely correct. c. Prepare a Construction Fund statement of revenues, expenditures, and changes in fund balances for the year ended December 31 , 2023. (Negative amounts should be indicated by a minus sign. Enter your answers in whole dollar amounts and not in millions.)Step by Step Solution
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