Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Exercise 23

Reporting major funds. Assume Round Rock City has the following fund structure:
General fund
Special revenue fund (3)
Capital projects fund (2)
Debt service fund (3)
Expendable trust funds (5)
Internal service funds (2)
Enterprise funds (8)
General fixed assets account group
General long-term debt account group
Round Rock City determined that Special Revenue Fund C, capital projects funds, Enterprise Fund D, and Enterprise Fund F are the only major funds.
1. Present the column headings that Round Rock City must use in its governmental fund statement of revenues, expenditures, and changes in fund balances.
2. Present the column headings that Round Rock City must use in its governmental fund statement of revenues, expenses, and changes in net assets.