QUESTION 9 The following information is available for the preparation of the government wide financial statements for the City of West Jersey as of January 31, 2020 $ Cash and cash equivalents, governmental activities 4,000,000 Cash and cash equivalents, business-type activities 900,000 Receivables, governmental activities 550,000 Receivables, business-type activities 1,010,000 Inventories, business-type activities 380,000 Capital assets, governmental activities 10,100.000 Capital assets, business-type activities 11,150,000 Accounts payable governmental activities 500,000 Accounts payable, business-type activities 558,000 Noncurrent liabilities, governmental activities 4,750,000 3,200,000 Noncurrent liabilities, business-type activities 5,000,000 Net position net investment in capital assets, governmental activities 8,420,000 Net position, net investment in capital assets, business-type activities 780,000 Net position, restricted for debt service, governmental activities 225,000 Net position, restricted for debt service, business-type activities Chal Sabe and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 10 (a) The City of Mississippi place an order totalling $500,000 for 5 units of garbage truck to be used in the city. The garbage truck costing $100,000 each. During the period, 3 units of the garbage truck arrived and the freight was 51.000 for each unit. Required: Show the journal entries of the above transactions as encumbrances. (6 marks) (b) Why encumbrances should be recorded? (2 marks) You may use the following table for your answer in (a), to copy it into your answer space: Step (1) highlight all, Step (2) press CTRL C to copy, and Step (3) press CTRL V to paste. (For Macbook, Command C to copy and Command V to paste) Debit Credit Particulars Save Ale Click Save and submit to save and submit. Click Save All Ansoers to sare all ansters QUESTION 8 For each of the situation below, identify the correct fund to be used to account for it. This fund is used in order to finance the construction of a new bridge that will connect both sides of the City. A local government spent $200,000 to increase the capacity of a local museum that charges minimum fees for entrance. A Capital projects fund B. Special revenue fund Mohamed will provide investments amounting to $10 million to create an endowment where the earnings will be used to provide food for Covid-19 patients. He is a donor who signed a trust agreement with a local government. C. Private-purpose trust fund D. General Fund E. Enterprise fund For the Public Library in the City of Jersey where she lived. Maryam donated 51,000,000 and this donation is restricted for the purpose of buying books. She mentioned no requirement that the original principal may not be spent. Y Net position, net investment in capital assets, governmental activities Net position, net investment in capital assets, business-type activities Net position restricted for debt service, governmental activities Net position, restricted for debt service, business-type activities 5.000.000 8,420,000 780,000 225,000 From the above information, complete the following statement of Net Position for the City of West Jersey as of January 31, 2020 by answering tatoo a. Total Assets for Governmental Activities b. Total Assets for Business-Type Activities c. Total Liabilities for Governmental Activities d. Total Liabilities for Business-Type Activities e. Unrestricted for Governmental Activities f. Unrestricted for Business-Type Activities g. Total Net position for Governmental Activities h. Total Net position for Business-Type Activities You may use the following table for your answer to copy it into your answer space: Step (1) highlight all. Step (2) press CTRL C to copy, and Step (3) press CTRL V to paste. (For Macbook Command C to copy and Command V to paste) Governmental Activities Business-Type Activities Total ASSETS: Save Allar Sam and Submit to save and submit. Click Save All Answers to save all answers