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The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2024: Cash
The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2024:
Cash and cash equivalents, governmental activities | $ 610,000 |
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Cash and cash equivalents, business-type activities | 1,283,000 |
Receivables, governmental activities | 726,000 |
Receivables, businessactivities | 2,138,000 |
Inventories, business-activities | 842,000 |
Capital assets, net, governmental activities | 21,852,000 |
Capital assets, net, business activities | 11,493,000 |
Accounts payable, governmental activities | 1,044,000 |
Accounts payable, business activitie | 904,000 |
General obligation bonds, governmental activities | 6,140,000 |
Revenue bonds, business activities | 5,188,000 |
Long-term liability for compensated absences, governmental activities | 586,000 |
Can you please check my Statement of Net Position for the City of Southern Springs as of April 30, 2024 and edit the red X those are the ones that are wrong, the rest is right. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $268,000 for governmental activities and $375,000 for business-type activities.