Reporting reconciliation between governmental fund and government-wide financial statements…

Reporting reconciliation between governmental fund and government-wide financial statementsThomas County pays all the debt service on its long-term general obligation bonds on April 1 and October 1 of each year. Accrued interest on these bonds for the stub period October 1–December 31, 2018, was $75,000. During its fiscal year ended December 31, 2019, Thomas paid $350,000 interest on its long-term general obligation bonds. Accrued interest for the stub period October 1–December 31, 2019, was $88,000.Based on this information, determine the reconciliation amounts reported in the two funds’ financial statements to the two government-wide financial statements.Use a negative sign with your answer, if appropriate.

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