Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Using the following information prepare the Statement of Revenues Expenses and Changes in ...

Using the following information prepare the Statement of Revenues Expenses and Changes in Fund Net Position for the town of Robinson Water and Sewer Enterprise Fund for the year ended June

Using the following information, prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the town of Robinson Water and Sewer Enterprise Fund for the year ended June 30, 20X6. Charges for water services rendered . . . . . . . . . . . . . . . . . $ 1,800,000 Charges for sewer services rendered . . . . . . . . . . . . . . . . . 2,000,000 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 Increase in fair value of investments . . . . . . . . . . . . . . . . . 12,000 Proceeds of bond issuance . . . . . . . . . . . . . . . . . . . . . . 13,000,000 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Contractual services (purchased) . . . . . . . . . . . . . . . . . . . 2,600,000 Depreciation on infrastructure capital assets . . . . . . . . . . . . . 100,000 Depreciation on capital assets contributed by subdividers . . . . . . 75,000 Depreciation on other capital assets . . . . . . . . . . . . . . . . . 80,000 Capital grants received (all grant conditions met) . . . . . . . . . . 1,500,000 Operating grants received (half expended for operations; half for capital asset purchases; all grant conditions met) . . . . . . . . 250,000

Apr 08 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions