Image transcription text Harlan City, a small city, is planning to issue its first set

Image transcription text
Harlan City, a small city, is planning to issue its first set of GAAP financial
statements for the year ended December 31 , 2022. To prepare for the
transition, the city comptroller wants to have a government wide …
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The following additional information is available as of December 31, 2021:
Capital assets: Harlan’s capital asset records show that the total acquisition
value of the assets in use as of December 31, 2021, is $12,600,00…
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Account Debit Credit < To reclassify unassigned fund balance. < < Adjustment related to capital assets. < Adjustment related to bonds. < v Adjustment related to interest on long-term debt. < v Adjustme... Show more Image transcription text la. Complete the worksheet below using thejournal entries prepared in (a). Harlan City - Worksheet Balance Adj ustrnem: Adjusted Sheet Debit Credit Bal. Sheet Cash 55 $ Property taxes receivable Capital assets Accu... Show more Image transcription text c. Prepare a statement of net position as of January 1, 2022, in a classified format. Show the net position either as net investment in capital assets or as unrestricted. In each section of the balance sheet, enter account... Show more Image transcription text d] Prepare a reconciliation of the governmental funds balance sheet to the govern ment-wide statement of net position. Enter reductions as negative numbers. d. Reconciliation ofgovernmental fund: balance sheet T... Show more