This problem has been solved!
see the answer
the following information is available for the preparation of the government-wide financial statements for the city of northern pines for the year ended june 30, 2015:
expenses:
general government
$10,100,000
public safety
22,900,000
public works
11,890,000
health and sanitation
6,210,000
culture and recreation
4,198,000
interest on long-term debt, governmental type
1,021,000
water and sewer system
11,550,000
parking system
419,000
revenues:
charges for services, general government
1,110,000
charges for services, public safety
1,210,000
operating grant, public safety
698,000
charges for services, health and sanitation
2,555,000
operating grant, health and sanitation
1,210,000
charges for services, culture and recreation
2,198,000
charges for services, water and sewer
12,578,000
charges for services, parking system
398,000
property taxes
27,112,000
sales taxes
20,698,000
investment earnings, business-type
319,000
special item—gain on sale of unused land, governmental type
1,250,000
transfer from governmental activities to business-type activities
688,000
net position, july 1, 2014, governmental activities
11,222,000
net position, july 1, 2014, business-type activities
22,333,000
page 53
from the previous information, prepare, in good form, a statement of activities for the city of northern pines for the year ended june 30, 2015. northern pines has no component units.

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?