This problem is a continuation of Continuing Problem 1 at the end of Chapter 9. It is Part G of the problem.
Prepare journal entries needed to convert the governmental funds financial statements to the governmental activities column of the government wide financial statements. Post the journal entries to a six column work sheet similar to that shown in Table 10 - 8. Also, prepare Coco City financial statements: the government wide statement of net position and the government wide statement of activities.