please answer both. i only need the answers no explination is needed. plz be right. During the current year, the Town of Mashpee had a number of transactions that affected net position of its town golf course, which isoperated as an enterprise fund. You are provided with the following information:1. The beginning net position balances are net investment in capital assets, $680,400; restricted for renovation of the check-in stand,$0; and unrestricted, $1,355,888.2. Net income for the year was $162,903.3. Depreciation expense totaled $54,048.4. A piece of equipment with a carrying value of $26,500 was sold for $25,400.5. Bonds for $500,000 were issued to construct a new pro shop. At the end of the year, the shop was partially complete, andconstruction work in progress totaled $248,238.6. A $15,014 principal payment was made on a lease obligation.7. A new golf ball retrieving machine was purchased for $290,000. At the end of the year, a $30,400 note associated with the machineremains outstanding.8. The check-in stand was completed for $52,500 of construction costs incurred this year.RequiredPrepare the net position section of Mashpee's statement of net position.TOWN OF MASHPEEGolf Enterprise FundPartial Statement of Net PositionAs of Year EndNet Position:Net Position-Net Investment in Capital AssetsNet Position-RestrictedNet Position-UnrestrictedTotal Net Position$ The Village of Shelburne operates a nine-hole golf course as an enterprise fund. You are provided with the following information forthe current year:1. Net income for the year was $161,571.2. The beginning net position balances are net investment in capital assets, $585,480; restricted, $5,060; and unrestricted, $254,850.3. New golf carts were leased. The present value of the lease liability is $200,070. A principal payment of $40,020 was made duringthe year, and amortization of the leased asset totaled $37,530.4. Lawn edging equipment with a carrying value of $6,130 was sold for $6,320.5. A new lawn mower was purchased for $75,000. At the end of the year, a $25,000 note associated with the machine remainsoutstanding. Depreciation of the mower was $7,500.6. Additional depreciation totaled $30,000.RequiredPrepare the net position section of Shelburne's statement of net position.VILLAGE OF SHELBURNEGolf Course Enterprise FundPartial Statement of Net PositionAs of year-EndNet Position:Net Position-Net Investment In Capital AssetsNet Position RestrictedNet Position-UnrestrictedTotal Net Position$0

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During the current year, the Town of Mashpee had a number of transactions that affected net position of its town golf course, which is operated as an enterprise fund. You are provided with the following information: 1. The beginning net position balances are net investment in capital assets, $680,400; restricted for renovation of the check-in stand, $0; and unrestricted, $1,355,888. 2. Net income for the year was $162,903. 3. Depreciation expense totaled $54,048. 4. A piece of equipment with a carrying value of $26,500 was sold for $25,400. 5. Bonds for $500,000 were issued to construct a new pro shop. At the end of the year, the shop was partially complete, and construction work in progress totaled $248,238. 6. A $15,014 principal payment was made on a lease obligation. 7. A new golf ball retrieving machine was purchased for $290,000. At the end of the year, a $30,400 note associated with the machine remains outstanding. 8. The check-in stand was completed for $52,500 of construction costs incurred this year. Required Prepare the net position section of Mashpee's statement of net position.

During the current year, the Town of Mashpee had a number of transactions that affected net position of its town golf course, which is operated as an enterprise fund. You are provided with the following information: 1. The beginning net position balances are net investment in capital assets, $680,400; restricted for renovation of the check-in stand, $0; and unrestricted, $1,355,888. 2. Net income for the year was $162,903. 3. Depreciation expense totaled $54,048. 4. A piece of equipment with a carrying value of $26,500 was sold for $25,400. 5. Bonds for $500,000 were issued to construct a new pro shop. At the end of the year, the shop was partially complete, and construction work in progress totaled $248,238. 6. A $15,014 principal payment was made on a lease obligation. 7. A new golf ball retrieving machine was purchased for $290,000. At the end of the year, a $30,400 note associated with the machine remains outstanding. 8. The check-in stand was completed for $52,500 of construction costs incurred this year. Required Prepare the net position section of Mashpee's statement of net position.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Subject: acounting
The Village of Shelburne operates a nine-hole golf course as an enterprise fund. You are provided with the following information for the current year: Net income for the year was $161,551. The beginning net position balances are net investment in capital assets, $585,420; restricted, $5,050; and unrestricted, $254,820. New golf carts were leased. The present value of the lease liability is $200,090. A principal payment of $40,080 was made during the year, and amortization of the leased asset totaled $37,550. Lawn edging equipment with a carrying value of $6,140 was sold for $6,320. A new lawn mower was purchased for $75,000. At the end of the year, a $25,000 note associated with the machine remains outstanding. Depreciation of the mower was $7,500. Additional depreciation totaled $30,000. RequiredPrepare the net position section of Shelburne’s statement of net position.
Nn.36. Subject :- Accounting
Munabhai
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[The following information applies to the questions displayed below.]The Township of Thomasville’s General Fund has the following net resources at year end: $69,000 of prepaid insurance $410,000 rainy day fund approved by the township governing board with specific conditions for its use $1,800 of supplies inventory $60,000 state grant for snow removal $150,000 contractual obligations for the purchase of equipment Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation) Total Fund Balance is $1,010,500 What would be the total Committed fund balance? Multiple Choice $410,000 $210,000 $560,000 $562,500 What would be the total Assigned fund balance? Multiple Choice $129,000 $165,000 $315,000 $105,000