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Net assets balance at the beginning of the year

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Reference no: EM13550705

Town of Carver has a $245,000 Net Assets Balance at the beginning of the year.
Information listed below relates to the year end accounting for 9/30/14

Receipts
Property Taxes 430,000
Franchise Taxes 110,000
Charges for Public Safety 8,000
Charges for Sanitation 6,000

Payments
Salaries
General Government 62,000
Public Safety 44,000
Sanitation 37,000

Rent
General Government 16,000
Public Safety 14,000
Sanitation 10,000

Maintenance
General Government 5,000
Public Safety 3,000
Sanitation 1,000

Insurance
General Government 4,000
Public Safety 1,000
Sanitation 2,000

Final Pmt on Debt 10,000
Interest on Debt 12,000

Objective: Prepare a statement of activities with the correct heading.

Reference no: EM13550705

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