Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following water and sewer fund Information is available for the preparation of the financial statements for the City of Western Sands for the year
The following water and sewer fund Information is available for the preparation of the financial statements for the City of Western Sands for the year ended December 31, 2020: $18, 196, een Operating revenues-charges for Services Operating expenses: Personnel services Contractual services Utilities Repairs and maintenance Depreciation Interest revenue State aid (intergovernmental revenue) Interest expense Capital contributions Transfer to General Fund Net position, January 1, 2020 6,283,600 3,024, eee 915, eee 2,019, eee 5,450, eee 58,888 128,000 119,00 1,660, eee 383, eee 2,728,000 From the Information given above, prepare a Water and Sewer Fund column for the proprietary fund Statement of Revenues. Expenses, and Changes in Fund Net Position for the year ended December 31, 2020. (Deductions should be entered with a minus slgn.) From the information given above, prepare a Water and Sewer Fund column for the proprietary fund Statement of Revenues Expenses, and Changes in Fund Net Position for the year ended December 31, 2020. (Deductions should be entered with a minus sign.) CITY OF WESTERN SANDS Water and Sewer Fund Statement of Revenues. Expenses, and Changes in Fund Net Position For the Year Ended December 31, 2020 Operating Revenues Operating Expenses Total Operating Expenses Operating Income Nonoperating Revenues (Expenses): 0 0 Total Nonoperating Revenues and Expenses Income (Loss) Before Contributions and Transfers 0 0 0 Change in Net Position Net Position, Beginning of Year Net Position, End of Year $ 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started