Homework answers / question archive / Liabilities Current liabilities: Accounts payable Due to Water Utilities Enterprise Fund Due to General Fund 12,000 160,000 9,000 Due to Parks Special Revenue Fund Accrued interest payable Total current liabilities 8,000 100,000 289,000 Noncurrent liabilities 138,755 ? > 3,000,000 3,138,755 3,427,755 Lease payable Revenue bonds payable Total noncurrent liabilities Total liabilities Net position Net investment in capital assets Restricted for debt service Unrestricted 1,140,000 X 300,000 OX Total net position $ 1,501,506 City of Whitt Falls Statement of Net Position Golf Course Enterprise Fund Statement of Net Position December 31, 2021 Assets Current assets: Cash $ 17,200 6,900 ? $ 24,100 300,000 500,000 3,000,000 Inventory Total current assets Restricted cash Capital assets: Land Buildings Improvements other than buildings Accumulated depreciation Net capital assets Intangible assets: Leased asset Accumulated amortization Net intangible assets Total assets 1,000,000 (60,000) 4,440,000 188,755 -23,594 165,161 4,929,261

Liabilities Current liabilities: Accounts payable Due to Water Utilities Enterprise Fund Due to General Fund 12,000 160,000 9,000 Due to Parks Special Revenue Fund Accrued interest payable Total current liabilities 8,000 100,000 289,000 Noncurrent liabilities 138,755 ? > 3,000,000 3,138,755 3,427,755 Lease payable Revenue bonds payable Total noncurrent liabilities Total liabilities Net position Net investment in capital assets Restricted for debt service Unrestricted 1,140,000 X 300,000 OX Total net position $ 1,501,506 City of Whitt Falls Statement of Net Position Golf Course Enterprise Fund Statement of Net Position December 31, 2021 Assets Current assets: Cash $ 17,200 6,900 ? $ 24,100 300,000 500,000 3,000,000 Inventory Total current assets Restricted cash Capital assets: Land Buildings Improvements other than buildings Accumulated depreciation Net capital assets Intangible assets: Leased asset Accumulated amortization Net intangible assets Total assets 1,000,000 (60,000) 4,440,000 188,755 -23,594 165,161 4,929,261

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Liabilities Current liabilities: Accounts payable Due to Water Utilities Enterprise Fund Due to General Fund 12,000 160,000 9,000 Due to Parks Special Revenue Fund Accrued interest payable Total current liabilities 8,000 100,000 289,000 Noncurrent liabilities 138,755 ? > 3,000,000 3,138,755 3,427,755 Lease payable Revenue bonds payable Total noncurrent liabilities Total liabilities Net position Net investment in capital assets Restricted for debt service Unrestricted 1,140,000 X 300,000 OX Total net position $ 1,501,506 City of Whitt Falls Statement of Net Position Golf Course Enterprise Fund Statement of Net Position December 31, 2021 Assets Current assets: Cash $ 17,200 6,900 ? $ 24,100 300,000 500,000 3,000,000 Inventory Total current assets Restricted cash Capital assets: Land Buildings Improvements other than buildings Accumulated depreciation Net capital assets Intangible assets: Leased asset Accumulated amortization Net intangible assets Total assets 1,000,000 (60,000) 4,440,000 188,755 -23,594 165,161 4,929,261