Answer Happy

The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business.type activities Capital assets, net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities General obligation bonds, governmental activities Revenue bonds, business-type activities Long-term liability for compensated absences, governmental activities $ 500,000 1.052,00 594,000 1,753.ee 688,000 17,859,000 9,392,000 857,00 739,000 10,311,000 4,242, 476,00 From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $731,000 for governmental activities and $265,000 for business-type activities. (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business Type

SV Governmental Activities Business-Type Activities Total Assets: Total Assets Liabilities: Total Liabilities Net Position: Total Not Position

The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets.net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable business type activities General obligation bonds, governmental activities Revenue bonds, business-type activities Long-tere liability for compensated absences, governmental activities 5 500, eee 1, 252,62 590,000 1,753,000 688,000 17,859,00 9,392,000 857.00 739,000 10,311.000 4,242,00 476,000 From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $731000 for governmental activities and $265.000 for business-type activities. (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental iets.

From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $731,000 for governmental activities and $265,000 for business-type activities (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Assets: $ 0 0 0 0 0 0 Total Assets Liabilities: 0 0

CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Assets: 0 0 0 0 0 Total Assets Liabilities: 0 0 0 0 0 0 0 Total Liabilities Net Position: 0

0 0 0 0 0 0 Total Assets Liabilities: 0 0 0 0 0 Total Liabilities Net Position: 0 0 0 Total Net Position 0 $ 0 $ 0