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Use the following information to prepare a statement of net position 1 2 3 City of Smithville Solid Waste Disposal Fund Post-closing Trial Balance For

Use the following information to prepare a statement of net positionimage text in transcribed

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1 2 3 City of Smithville Solid Waste Disposal Fund Post-closing Trial Balance For year 2020 4 5 Debits Credits $ 297,262 153,821 $ 7,100 2,800 74,583 600,000 1,650,000 832,500 6 7 Cash 8 Customer Accounts Receivable 9 Allowance for Doubtful Accounts 10 Due from Other Funds 11 Inventories 12 Land 13 Buildings 14 Accumulated Depreciation-Buildings 15 Equipment 16 Accumulated Depreciation Equipment 17 Vouchers Payable 18 Accrued Payroll and Fringe Benefits 19 Accrued Interest Payable 20 Revenue Anticipation Notes-Current 21 Revenue Anticipation Notes-Long-Term 22 Net Position-Net Investment in Capital Assets 23 Net Position-Unrestricted 24 Totals for all accounts 1, 735, 700 889,680 92,900 175, 264 3,500 100,000 100,000 2,063,520 249, 702 $ 4,514,166 $ 4,514,166 city of Smithville Solid Waste Disposal Fund Post-closing Trial Balance For year 2020 Debits Credits $ 297,262 153,821 $ 7.100 2,800 74,583 600,000 1,650,000 832,500 Cash Customer Accounts Receivable Allowance for Doubtful Accounts Due from other Funds Inventories 2 Land Buildings 4 Accumulated Depreciation-Buildings 5 Equipment 26 Accumulated Depreciation Equipment 7 Vouchers Payable 10 Accrued Payroll and Fringe Benefits 19 Accrued interest Payable 20 Revenue Anticipation Notes Current 1 Revenue Anticipation Notes-Long-Term 52 Net Position-Net investment in Capital Assets 23 Net Position Unrestricted -24 Totals for all accounts 25 1,735, 700 889,680 92,900 175, 264 3,500 100,000 100,000 2,063,520 249,702 $ 4,514,166 $ 4514,166

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