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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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