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As of July 1, 2017, the Village of Boiling Springs decided to purchase a privately operated swimming pool and to create swimming pool (enterprise) fund. During the year, the following transactions occurred:
Required:
Problem 1: Prepare, in good form using the template and trial balance provided in this module, a Statement of Revenues, Expenses, and Changes in Fund Net Position for the Village of Boiling Spring Swimming Pool Fund for the Year Ended June 30, 2018.
Problem 2: Prepare, in good form using the template and trial balance provided in this module, a Statement of Fund Net Position for the Village of Boiling Springs Swimming Pool Fund as of June 30, 2018.
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