Principal of 40k has been added on because gov funds expensed(or expenditured) it (I/S) whereas for gov wide we need to put the amount as payable (B/S), hence the reconciliation.
Same for the interest $7500, we need to put that as payable for gov wide.
As for the intest 30k, both gov wide and fund have expensed it, so there’s no need to reconcile.
As for the 10k incurred, same as interest, gov wide have the principal on current payable (assuming) and there’s no need for us to expense it now on december.
Please tell me i’m right.
And pray for me that I pass. Thanks.