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Pequired information (The kolowing information applies ro the questons pisplayed beiow) The Village of Sesside Pines prepared the followng enterprise fund Trial Balance as a December 31, 2020: the ast day of is tiscal year The enterprise fund was established ths year through a teanster fram the Genetal fund. Required: a. Prepare the closing entries for December 31 . b. Prepare the Statement of Revenues. Expenses, and Changes in Fund Net Pasiton for the yeat ended December 31. c. Prepare the Net Position section of the December 3 ibalance sheet. Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assers.

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Pequired information (The kolowing information applies ro the questons pisplayed beiow) The Village of Sesside Pines prepared the followng enterprise fund Trial Balance as a December 31, 2020: the ast day of is tiscal year The enterprise fund was established ths year through a teanster fram the Genetal fund. Required: a. Prepare the closing entries for December 31 . b. Prepare the Statement of Revenues. Expenses, and Changes in Fund Net Pasiton for the yeat ended December 31. c. Prepare the Net Position section of the December 3 ibalance sheet. Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assers

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