Stuck on this accounting question for government, non profit accounting Provided below are pre closing account balances on December 31, 2017 from the Aquatic Center Enterprise Fund Cash and Cash Equivalents $ 182,240 Accounts Receivable 5,225 Supplies 8,225 Restricted Cash and Cash Equivalents 942,000 Land 1,400,000 Buildings and Equipment (B E) 925,000 Accumulated Depreciation B E 41,625 Improvements Other Than Buildings (IOTB) 4,715,000 Accumulated Depreciation IOTB 212,175 Current Portion of L T Debt 281,600 Bonds Payable 6,195,200 Net Position Net Investment in Capital Assets 174,010 Net Position Restricted 867,000 Net Position Unrestricted 84,030 Charges for Services 2,040,000 Interest and Dividend Income 92,500 Personnel Expenses 1,034,000 Utilities Expense 188,500 Repairs Maintenance Expense 82,100 Supplies Expense 67,200 Depreciation Expense 136,960 Interest Expense 323,840 Additional information concerning the Aquatic Center Fund All bonds payable were used to acquire property, plant, and equipment Each year a payment is required on January 1 to retire an equal portion of the bonds payable The payment for the current year was paid on January 1, 2017 Equipment was sold for cash at its carrying value of $9,250 Total cash received from customers was $2,038,355 and cash received for interest and dividends was $92,500 of this amount $75,000 was restricted cash There were no other changes to restricted cash during the year Cash payments included $1,038,800 for personnel expenses, $185,800 for utilities, $86,225 for repairs and maintenance, $323,840 for interest on bonds, an $65,900 for supplies Allcosts,includingrepaymentofdebtarepaidbyuserfees Required You must SHOW and LABEL all your computations in order to receive full credit even if you have the correct final answer What are the December 31, 2017 post closing balances for the following Net Position Net Investment in Capital Assets You may solve (1) in two methods Net Position Restricted Net Position Unrestricted

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Posted on Jun 28, 2024

Stuck on this accounting question for government, non-profit accounting:

Provided below are pre-closing account balances on December 31, 2017 from the Aquatic Center Enterprise Fund:

Cash and Cash Equivalents $ 182,240

Accounts Receivable 5,225

Supplies 8,225

Restricted Cash and Cash Equivalents 942,000

Land 1,400,000

Buildings and Equipment (B&E) 925,000

Accumulated Depreciation B&E 41,625

Improvements Other Than Buildings (IOTB) 4,715,000

Accumulated Depreciation IOTB 212,175

Current Portion of L-T Debt 281,600

Bonds Payable 6,195,200

Net Position Net Investment in Capital Assets 174,010

Net Position Restricted 867,000

Net Position Unrestricted 84,030

Charges for Services 2,040,000

Interest and Dividend Income 92,500

Personnel Expenses 1,034,000

Utilities Expense 188,500

Repairs & Maintenance Expense 82,100

Supplies Expense 67,200

Depreciation Expense 136,960

Interest Expense 323,840

Additional information concerning the Aquatic Center Fund:

All bonds payable were used to acquire property, plant, and equipment.
Each year a payment is required on January 1 to retire an equal portion of the bonds payable. The payment for the current year was paid on January 1, 2017.
Equipment was sold for cash at its carrying value of $9,250.
Total cash received from customers was $2,038,355 and cash received for interest and dividends was $92,500; of this amount $75,000 was restricted cash. There were no other changes to restricted cash during the year.
Cash payments included $1,038,800 for personnel expenses, $185,800 for utilities, $86,225 for repairs and maintenance, $323,840 for interest on bonds, an $65,900 for supplies.
Allcosts,includingrepaymentofdebtarepaidbyuserfees.

Required: You must SHOW and LABEL all your computations in order to receive full credit even if you have the correct final answer!!!

What are the December 31, 2017 post-closing balances for the following: