(Preparation of a governmental funds balance sheet)
The following information is available for the governmental funds of TomAc€?cs Village. Prepare the
governmental funds balance sheet for TomAc€?cs Village. The village officials do not consider either
Special Revenue Fund as particularly important to financial statement users.
Special Revenue
General Debt Service Fund A Fund B
Cash $10,000 $5,000 $600 $1,000
Taxes receivable 5,000
Due from other funds 2,000
Accounts payable 9,000 200 400
Due to other funds 2,000
Assigned fund balance 1,000 400 600
Restricted fund balance 7,000
Unassigned fund balance 3,000