Homework Help is Here – Start Your Trial Now!
Business
Accounting
The following Information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2024: Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000

The following Information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2024: Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
None
es The following Information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2024: Expenses: General government Public safety Public works Health and sanitation. Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health, and sanitation. Operating grant, health, and sanitation Charges for services, culture, and recreation Charges for services, water, and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from business-type activities to governmental activities. Net position, July 1, 2023, governmental activities Net position, July 1, 2023, business-type activities Required: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000 1,462,000 234,300 890,600 2,628,200 1,349,700 2,451,600 12,924,400 432,100 30,193,000 23,050,500 361,600 1,390,400 779,300 9,128,800 2,560,800 From the previous Information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2024. Northern Pines has no component units. Note: Negative amounts should be Indicated by a minus sign. CITY OF NORTHERN PINES Statement of Activities Year Ended June 30, 2024 Functions or Programs Expenses Governmental Activities: General Government Public Safety Public Works Health and Sanitation Culture and Recreation. Interest on Long-Term Debt Total Governmental Activities Business-Type Activities: Water and Sewer System Parking System 0 Primary Government Charges for Services Operating Grants Governmental Activities Business-Type Activities Tota 0 0 Total Business-Type Activities 0 Total Primary Government $ 0 S 0 $ 0 0 0 General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Unused Land Transfers Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending 0 0 $ $ 0 $ 0 $
Transcribed Image Text:es The following Information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2024: Expenses: General government Public safety Public works Health and sanitation. Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health, and sanitation. Operating grant, health, and sanitation Charges for services, culture, and recreation Charges for services, water, and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from business-type activities to governmental activities. Net position, July 1, 2023, governmental activities Net position, July 1, 2023, business-type activities Required: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000 1,462,000 234,300 890,600 2,628,200 1,349,700 2,451,600 12,924,400 432,100 30,193,000 23,050,500 361,600 1,390,400 779,300 9,128,800 2,560,800 From the previous Information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2024. Northern Pines has no component units. Note: Negative amounts should be Indicated by a minus sign. CITY OF NORTHERN PINES Statement of Activities Year Ended June 30, 2024 Functions or Programs Expenses Governmental Activities: General Government Public Safety Public Works Health and Sanitation Culture and Recreation. Interest on Long-Term Debt Total Governmental Activities Business-Type Activities: Water and Sewer System Parking System 0 Primary Government Charges for Services Operating Grants Governmental Activities Business-Type Activities Tota 0 0 Total Business-Type Activities 0 Total Primary Government $ 0 S 0 $ 0 0 0 General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Unused Land Transfers Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending 0 0 $ $ 0 $ 0 $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Federal financial accounting and reporting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS