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Prepare a statement of fiduciary net position for the Tax Custodial Fund. Hint: Statement of Fiduciary Net Position: Total Assets: 1,952,510 Total liabilities: 1,952,510 City

Prepare a statement of fiduciary net position for the Tax Custodial Fund.

Hint: Statement of Fiduciary Net Position: Total Assets: 1,952,510 Total liabilities: 1,952,510

City of Smithville
Tax Custodial Fund
Post-closing Trial Balance
For year 2020
Debits Credits
Taxes Receivable for Other Funds and Governments-Delinquent $ 1,952,510
Due to Other Funds and Governments $ 1,952,510
Totals for all accounts $ 1,952,510 $ 1,952,510

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