Selected ledger account balances of the Village of Esprit Enterprise Fund on June 30, 2006, were as follows:
a. Prepare the restricted assets and the liabilities payable from restricted assets sections of the June 30, 2006, balance sheet of the Village of Esprit Enterprise Fund.
b. Prepare a working paper to compute the required balance on June 30, 2006, of the Net Assets Restricted for Revenue Bonds Retirement ledger account of the Village of Esprit Enterprise Fund.

Question

Selected ledger account balances of the Village of Esprit Enterprise Fund on June 30, 2006, were as follows:
  a. Prepare the restricted assets and the liabilities payable from restricted assets sections of the June 30, 2006, balance sheet of the Village of Esprit Enterprise Fund.
b. Prepare a working paper to compute the required balance on June 30, 2006, of the Net Assets Restricted for Revenue Bonds Retirement ledger account of the Village of Esprit Enterprise Fund.

Quizplus · Accepted Answer

The Answer of Selected ledger account balances of the Village of Esprit Enterprise Fund on June 30, 2006, were as follows:
  a. Prepare the restricted assets and the liabilities payable from restricted assets sections of the June 30, 2006, balance sheet of the Village of Esprit Enterprise Fund.
b. Prepare a working paper to compute the required balance on June 30, 2006, of the Net Assets Restricted for Revenue Bonds Retirement ledger account of the Village of Esprit Enterprise Fund.

Selected Ledger Account Balances of the Village of Esprit Enterprise