This problem is a continuation of Continuing Problem 1 at the end of Chapter 9. It is Part G of the problem.

Prepare journal entries needed to convert the governmental funds financial statements to the governmental activities column of the government- wide financial statements. Post the journal entries to a six- column work sheet similar to that shown in Table 10- 8. Also, prepare Coco City’s financial statements: the government- wide statement of net position and the government- wide statement of activities.