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Prepare the following Enterprise Fund financial statements for the Croton City Swimming Pool Enterprise Fund: (1) a statement of net position and (2) a
Prepare the following Enterprise Fund financial statements for the Croton City Swimming Pool Enterprise Fund: (1) a statement of net position and (2) a statement of revenues, expenses, and changes in fund net position. The following preclosing trial balance can be used to prepare these financial statements. Preclosing Trial Balance for Swimming Pool Enterprise Fund CROTON CITY Swimming Pool Enterprise Fund Preclosing Trial Balance December 31, 2022 (in thousands) Cash...... Swimming Pool... Accumulated depreciation, swimming pool Bonds payable.. Net position... Revenues. Salary expense. Interest expense. Depreciation expense. Totals... Debits $3 600 8 24 30 $665 Credits $ 120 440 35 70 $665
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