2-10. The following water and sewer fund information is available for the preparation of the financial statements for the City of Western Sands for the year ended December 31, 2020: Operating revenues-charges for services $17,387,000 Operating expenses: Personnel services Contractual services Utilities Repairs and maintenance Depreciation Interest revenue State aid (intergovernmental revenue) Interest expense Capital contributions Transfer to General Fund Net position, January 1, 2020 5,877,000 2,995,000 888,000 1,992,000 5,422,000 29,000 100,000 104,000 1,632,000 365,000 1,800,000 From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, 2020.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2-10.
The following water and sewer fund information is available for the preparation of the financial statements for the City of Western
Sands for the year ended December 31, 2020:
Operating revenues-charges for services $17,387,000
Operating expenses:
Personnel services
Contractual services
Utilities
Repairs and maintenance
Depreciation
Interest revenue
State aid (intergovernmental revenue)
Interest expense
Capital contributions
Transfer to General Fund
Net position, January 1, 2020
5,877,000
2,995,000
888,000
1,992,000
5,422,000
29,000
100,000
104,000
1,632,000
365,000
1,800,000
From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of
Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, 2020.
Transcribed Image Text:2-10. The following water and sewer fund information is available for the preparation of the financial statements for the City of Western Sands for the year ended December 31, 2020: Operating revenues-charges for services $17,387,000 Operating expenses: Personnel services Contractual services Utilities Repairs and maintenance Depreciation Interest revenue State aid (intergovernmental revenue) Interest expense Capital contributions Transfer to General Fund Net position, January 1, 2020 5,877,000 2,995,000 888,000 1,992,000 5,422,000 29,000 100,000 104,000 1,632,000 365,000 1,800,000 From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, 2020.
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