Preparation of governmental funds balance sheet

Ted's Village has five governmental funds: a General Fund, a Debt Service Fund, and three Special Revenue Funds.

It has no proprietary funds.

The following information is available at December 31, 2022 for each of the funds.

b) Prepare a balance sheet for Ted's Village as of December 31, 2022. Show the major funds in separate columns and group the nonmajor funds in a single column.

Enter assets, liabilities, and fund balances in order of magnitude (largest to smallest).

a) Identify which of the funds are major funds as defined in GASB Statement No. 34 , amended by GASB Statement The following information is available at December 31,2022 for each of the funds. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \begin{tabular}{r} Ted's Villa \\ Balance Sh \\ Governmenta \\ Deremher? 31 \end{tabular} & \begin{tabular}{l} age \\ heet \\ 1) Funds \\ 1,2022 \end{tabular} & & & & \\ \hline & & & ^ & Nonmajor & & Total \\ \hline Assets: & Accounts payable & & & & & \\ \hline & Assigned & $ & 0 & 0 & $ & 0 \\ \hline & Cash & & 0 & 0 & & 0 \\ \hline Total assets & Debt Service Fund & $ & 0 & 0 & 5 & 0 \\ \hline Liabilities: & General Fund & & & & & \\ \hline & Restricted & $ & 0 & 0 & s & 0 \\ \hline Total liabilities & Special Revenue Fund A & & 0 & 0 & & 0 \\ \hline Fund Balances: & Special Revenue Fund B & & & & & \\ \hline & Special Revenue Fund C & & 0 & 0 & & 0 \\ \hline & Taxes receivable & & 0 & 0 & & 0 \\ \hline & Unassigned & & 0 & 0 & & 0 \\ \hline Total fund balances & 0 & & 0 & 0 & & 0 \\ \hline Total liabilities and fund balances & 5 & 5 & 0 & 0 & 5 & 0 \\ \hline \end{tabular}