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The following is a listing of select accounts for Happy Government at the end of the fiscal year. Compute the amount of Net Position-Governmental Activities
The following is a listing of select accounts for Happy Government at the end of the fiscal year. Compute the amount of Net Position-Governmental Activities that would be shown on the Statement of Financial Position at the GW level (reconcile modified accrual Fund Balances to accrual-basis Net Position Use the amounts provided to add to or subtract from Fund Balance-Governmental Funds in order to compute Net Position-Government Wide Be sure to enter 0 if the amount shown would not be added or subtracted. Be SURE to enter a negative sign in front of the amount if it is subtracted. Do not include commas in your answers. Amount to add or subtract to compute Net Position-Govt Wide Fund Balance-Govemmental Funds 300,000 GW Taxes Receivable at year-end, Current, net of allowance 250,000 GW Capital Assets at year-end-cost 14,000,000 GW Accumulated depreciation on capital assets 7,500,000 GW Bonds Payable balance at year end, used to purchase capital assets 6,000,000 aw Vouchers payable 150,000 Deferred Inflows of Resources Revenue not available for the current period per fund 200,000 OW Accrued interest on bonds payable 65,000 Exquais Not Position Governmental Activities 300000
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