Problem $3$ Worksheet Adjustments $$ One Worksheet Approach $($Worth $8$ Points$)$

Selected governmental fund data from the City of Miller$$s Cove is presented below $($all amounts are in thousands of dollars$)$:

Expenditures $$ Capital Outlay $($Furniture and Equipment$)$ $$3,500$

Expenditures $$ Debt Service $$ Principal $200$

Expenditures $$ Debt Service $$ Interest $200$

Other Financing Sources $$ Proceeds from Sale of General Capital Assets $120$

Other Financing Sources $$ Bonds $1,000$

Other Financing Sources $$ Bond Premium $100$

Transfers from the General Fund $650$

Transfer to the Debt Service Fund $650$

Transfer to the Enterprise Fund $250$

Revenue $$ Property Taxes $1,500$

Additional information:

$1.$ Land was sold that had a book value of $$25.$

$2.$ Deferred property taxes were $$10$ at the beginning of the year. Deferred property taxes at the end of the year were $$12.$

Requirement: Prepare the worksheet adjustments that would be needed to convert the following governmental fund data to governmental activities data for the government$-$wide statements.