The following information regarding the fiscal year ended June 30,2017,was drawn from the accounts and records of the Johnson County general fund:
Required:
Prepare a statement of revenues,expenditures,and changes in fund balance for the Johnson County general fund for the year ended June 30,2017.
Definitions:
Preservation
The act of maintaining or protecting something from harm, decay, or destruction, often to keep its original state or value intact.
Innovation
The process of introducing new ideas, devices, or methods, or the novel ideas, devices, or methods themselves.
Survival Value
The extent to which a particular behavior, trait, or characteristic increases the likelihood of survival and reproduction of an organism.
Individualism
Giving priority to one’s own goals over group goals and defining one’s identity in terms of personal attributes rather than group identifications.
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