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The Cly of Bernard starts the year of 2 0 2 4 with the following unrestricted amounts in its general fund: cash of $ 2
The Cly of Bernard starts the year of with the following unrestricted amounts in its general fund: cash of $ and Required: a Prepore s statement of activiles for governmentsl sctvities in governmentwide finsncial statements for December and the year then ended. a Prepare s statement of net position for governmental activies in governmentwide finsncial statements for December and the year then ended. b Prepare a statement of revenues, expenditures, and other changes in fund bolances for the general fund in fund financial statements as of December and the year then ended. Assume the purchases method Is applied. Prepsre a bolance sheet for the geners fund in fund finsncisl statements as of December and the year then ended. Assume the purchsses method is spplied. Complete this question by entering your answers in the tabs below. Res Prepare a statement of net position for governmental activities in governmentwide financial statements for December and the year then ended. tableCITY OF EEFNAFOatatemant of Nat PocitionDaomber $tableGovommentalActlvitlacTotaleAcants:Cument asocts:Tokal cumant assotaCaptal assota:Total assotaLiabilies:Cument labilies:Noncumant liabilides:Total labellosesNat poeationTotal nat poeition,,Required: a Prepare a statement of activiles for governmentsl sctvities in governmentwide finsncial statements for December and the year then ended. a Prepare a statement of net poaition for governmental activites in governmentwide finsincisi statements for December and the year then ended. Prepare a statement of revenues, expenditures, and other changes In fund bolances for the general fund in fund financial statements as of December and the year then ended. Assume the purchases method is spplied. Prepare a bolance sheet for the genersl fund in fund finsncisl statements as of December and the year then ended. Assume the purchsses method is applied. Complete this question by entering your answers in the tabs below. flour. A Rasd for ABg B Prepare a balance sheet for the general fund in fund financial statements of December and the year then ended. Asume the purchases method is applied. tableCITY OF BERNARDBalanos BhastGovernmantal FundsDecambar Goneral FundAcants:Total assentaLiabilios and fund balances:Unabilice:Fund balances:Total lablibes and fund balance, Investments of $ In sdd'ton, it holds a smal bullding bought on Janusry for general government purposes for $ and a related langterm debt of $ The bullding is depreciated on the straightline method over years. The annusl Interest rate on the debt is percent. The genersl fund hs: four seporate functions: genersl govemment, public ssfety, public works, and hesith and sanitation. Other information Includes the following: On the last doy of the year, the city borrows $ from s local bonk and uses the money to buy s truck. The firat psyment on the losn plus Interest will be made st the end of the next year. The city opens a landfil thls year that it records within its general fund. It is a public worics functon. Closure costs todoy is estimsted ss $ sithough afficials do nat expect the landfil to be filed for nine mare years. The clty has incurred no costs to date. The landfill is naw percent filed. For the equlpment and supples that were ardered but nat yet recelved, the City Council the highest decislonmaling body in the government; has voted to honor the commitment when the itema arrive. The new bullding is deprecisted over years using the straightline method and no residual value. Depreciation of the equipment is similsr except that its iffe is only years. Assume the city records a full year's depreciation in the year of scqulaition. The Inveatments have a market value of $ at yearend.
The Cly of Bernard starts the year of with the following unrestricted amounts in its general fund: cash of $ and Required:
a Prepore s statement of activiles for governmentsl sctvities in governmentwide finsncial statements for December and the year then ended.
a Prepare s statement of net position for governmental activies in governmentwide finsncial statements for December and the year then ended.
b Prepare a statement of revenues, expenditures, and other changes in fund bolances for the general fund in fund financial statements as of December and the year then ended. Assume the purchases method Is applied.
Prepsre a bolance sheet for the geners fund in fund finsncisl statements as of December and the year then ended.
Assume the purchsses method is spplied.
Complete this question by entering your answers in the tabs below.
Res
Prepare a statement of net position for governmental activities in governmentwide financial statements for December and the year then ended.
tableCITY OF EEFNAFOatatemant of Nat PocitionDaomber $tableGovommentalActlvitlacTotaleAcants:Cument asocts:Tokal cumant assotaCaptal assota:Total assotaLiabilies:Cument labilies:Noncumant liabilides:Total labellosesNat poeationTotal nat poeition,,Required:
a Prepare a statement of activiles for governmentsl sctvities in governmentwide finsncial statements for December and the year then ended.
a Prepare a statement of net poaition for governmental activites in governmentwide finsincisi statements for December and the year then ended.
Prepare a statement of revenues, expenditures, and other changes In fund bolances for the general fund in fund financial statements as of December and the year then ended. Assume the purchases method is spplied.
Prepare a bolance sheet for the genersl fund in fund finsncisl statements as of December and the year then ended.
Assume the purchsses method is applied.
Complete this question by entering your answers in the tabs below.
flour. A
Rasd
for
ABg B
Prepare a balance sheet for the general fund in fund financial statements of December and the year then ended.
Asume the purchases method is applied.
tableCITY OF BERNARDBalanos BhastGovernmantal FundsDecambar Goneral FundAcants:Total assentaLiabilios and fund balances:Unabilice:Fund balances:Total lablibes and fund balance,
Investments of $ In sdd'ton, it holds a smal bullding bought on Janusry for general government purposes for
$ and a related langterm debt of $ The bullding is depreciated on the straightline method over years. The annusl
Interest rate on the debt is percent. The genersl fund hs: four seporate functions: genersl govemment, public ssfety, public works,
and hesith and sanitation. Other information Includes the following:
On the last doy of the year, the city borrows $ from s local bonk and uses the money to buy s truck. The firat psyment on the
losn plus Interest will be made st the end of the next year.
The city opens a landfil thls year that it records within its general fund. It is a public worics functon. Closure costs todoy is estimsted ss
$ sithough afficials do nat expect the landfil to be filed for nine mare years. The clty has incurred no costs to date. The landfill
is naw percent filed.
For the equlpment and supples that were ardered but nat yet recelved, the City Council the highest decislonmaling body in the
government; has voted to honor the commitment when the itema arrive.
The new bullding is deprecisted over years using the straightline method and no residual value. Depreciation of the equipment is
similsr except that its iffe is only years. Assume the city records a full year's depreciation in the year of scqulaition.
The Inveatments have a market value of $ at yearend.
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