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UY Punst, Question 1 The New Jersy's General Fund has the following net resources at year end: $69,000 of prepaid insurance $410,000 rainy day fund

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UY Punst, Question 1 The New Jersy's General Fund has the following net resources at year end: $69,000 of prepaid insurance $410,000 rainy day fund approved by the township governing board with specific conditions for its use $1,800 of supplies inventory $60,000 state grant for snow removal $150,000 contractual obligations for the purchase of equipment $105,000 to be used to fund government operations in the future Total Fund Balance is $795,800 Required: Prepare the fund balance section of the Balance Sheet. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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