What is the total unrestricted net position amount

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Reference no: EM133052465

Question - Assume the following date for Water and Sewer Enterprise Fund after preliminary closing entries have been prepared. The CFO asks your assistance in allocating the assets and liabilities to the appropriate categories.

Additional information: The bonds were issued 5 years ago to construct a water purification system.

The restricted cash is from a grant that is restricted for environmental impact testing related to rerouting the drainage from several local streams. The city has met eligibility, but the testing has not begun yet.

Account

Debit Amount

Credit Amount

Current assets

$100

 

Restricted Assets

50

 

Plant Assets

1,000

 

Accumulated Depreciation

 

$300

Allowance for uncollectible customer accounts

 

30

Current Liabilities

 

40

Capital lease payable

 

100

Bonds payable

 

400

Required -

1. What is the total Unrestricted Net Position Amount?

2. What is the total Restricted Net Position Amount?

3. What is the total Net Investment In Capital Assets Net Position Amount?

Reference no: EM133052465

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