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Use the information contained in the attached ending adjusted trial balance (which is prepared before closing entries are done) for the City of Clifton and
Use the information contained in the attached ending adjusted trial balance (which is prepared before closing entries are done) for the City of Clifton and prepare the following three statements
City of Clifton Electric Department Adjusted Trial Balance dr cr Cash and investments with City Treasurer Due From Customers Materials and Supplies Other Current Assets Cash restricted Construction in Progress Land Electric Plant Accumulated Depreciation Electric Plant Accounts payable and Accrued Liabilities Accrued interest 5% Electric Revenue Bonds Payable Net Position 4,925,000 2,320,000 10,000 130,000 250,000 5,000,000 56,000,000 11,010,000 3,925,000 625,000 25,000,000 26,730,000 Operating Revenue Fuel Ex Wages and salaries Expense Operating Suplies Expense Interest expense Depreciation Expense 10,700,000 2,790,000 4,280,000 150,000 1,125.000 1,010,000 se Totals 77,990,000 77,990,000Step by Step Solution
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