The Addiction Prevention Special Revenue Fund was established in 20X4 to account for federal grants intended to help communities prevent and battle drug and alcohol addictions. Because this is the first year for this fund, there is no beginning trial balance for the Addiction Prevention Special Revenue Fund.

You are given the completed transaction worksheet below. From the worksheet determine:

A. Prepare the 20X4 Statement of Revenues, Expenditures, and Changes in Fund Balance for the Addiction Prevention Special Revenue Fund (in the format below)

B. Prepare the 20X4 balance sheet for the Addiction Prevention Special Revenue Fund in the format below:

Addiction Prevention Special Revenue Fund FY 20X4 Transactions Balance Checks Balances Balances End of Year Transactions Balance Sheet perating Statement Dr of Year Account Title Dr 1 Cash 500,000 450,000 60.,000 50,000 430,000 4 430,000 330,000 330,000 250,000 8 1 Due from Federal Government 50,000 50,000 450,000 3 75,000 7 4 1 Vouchers Payable 95,000 95,000 1Due to GF 250,000 500,000 250,000 250,000 1 Fund Balance Estimated Revenues Appropriations Budgetary Fund Balance 530,000 10 525,000 1 530,000 525,000 2 Revenue -- Operating Grants 450,000 500,000 500,000 50,000 7 2 Expenditures - Public Safety 450,000 525,000 525,000 2 Transfer from GF 60.,000 60.,000 60.,000 525,000 35,000 560,000 3,325,000 3,325,000 905,000 905,000 560,000 380,000 345,000 35,000 380,000 Change in Fund Balance 560,000 380,000 ADDICTION PREVENTION SPECIAL REVENUE FUND Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended December 31, 20X4 ADDICTION PREVENTION SPECIAL REVENUE FUND Balance Sheet December 31, 20X4 Revenues: Operating Grants Expenditures: Public Safe Excess of Revenues over Expenditures Other Financing Sources (Uses): Transfer from General Fund Net Change in Fund Balance Fund Balance, January 1, 20X4 Assets Cash Due from Federal Governmen Total Assets Liabilities and Fund Balance Liabilities: Vouchers payable Due to General Fund Fund Balance: Total Liabiities and Fund Balance Fund Balance, December 31,20X4