The following information pertains to the City of Williamson for 2019, its first year of legal existence .For convenience ,assume that all transactions are for the general fund, which has three seperate functions
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The following information pertains to the City of Williamson for 2019, its first year of legal existence .For convenience ,assume that all transactions are for the general fund, which has three seperate fund.
a) Prepare a statement of activities and a statement of net position for governmental activities for December 31st,2019, and the year then ended.
b)Prepare a statement of revenues,expenditures, and other changes in fund balances and a balances and a balance sheet for the general fund as of December 31,2019, and the year then ended. Assume that City applies the consumption method.
Actions: general government ,public safety,and health and sanitation.
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