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Please show all work for the (partial) statement of activities. This problem is confusing and I got some of the parts correct I think. Thanks.
Please show all work for the (partial) statement of activities. This problem is confusing and I got some of the parts correct I think. Thanks.
The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that beginning net position is $1,693 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity, assume that the village does not have business-type activities or component units. WESTOVER VILLAGE Governmental Activities Selected Account Balances (in thousands) For the Year Ended June 30, 2020 Credits Debits 12,402 9,621 6,838 6,118 34,894 Expenses-Culture and Recreation Expenses-General Government Expenses-Health and Sanitation Expenses-Interest on Long-term Debt Expenses-Public Safety General Revenues-Investment Earnings General Revenues-Property Taxes General Revenues-Unrestricted Grants and Contributions Program Revenue-Culture and Recreation-Charges for Services Program Revenue-Culture and Recreation Operating Grants Program Revenue-General Government-Charges for Services Program Revenue-General Government-operating Grants Program Revenue-Health and Sanitation charges for Services Program Revenue-Public Safety-Capital Grants Program Revenue-Public Safety-charges for Services Program Revenue-Public Safety-Operating Grants Special Item-Gain on Sale of Park Land 2,008 56, 350 1,250 4,045 2,500 3,196 893 5,662 67 1,248 1,357 3,523 WESTOVER VILLAGE Statement of Activities (Partial) For the Year Ended June 30, 2020 (in thousands) Program Revenues Net (Expense) Revenue and Changes in Net Assets Functions/Programs Expenses Charges for Services Operating Grants Capital Grants $ $ Primary Government: General Government Public Safety Health and Sanitation Culture and Recreation Interest on Long-term Debt Total Governmental Activities 9,621 34,894 6,939 12,402 6,118 69,974 (9,621) (34,894) (6,939) (12,402) (6,118) (69,974) $ $ 0 $ 0 $ 0 General Revenues: Property Taxes Unrestricted Grants and Contributions 0 Investment Earnings Total general revenues Special ItemGain on Sale of Park Land Total general revenues and special items Change in net position Net positionJuly 1, 2019 Net positionJune 30, 2020 0 $ 0Step by Step Solution
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