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P9-4 (Preparation of governmental funds statement of revenues expenditures and changes in fund balance) The following information comes from the General Fund trial balance of West Chester County

P9-4 (Preparation of governmental funds statement of revenues, expenditures, and changes in fund balance)

The following information comes from the General Fund trial balance of West Chester County as of

December 31, 2012. Prepare the countyAc€?cs General Fund statement of revenues, expenditures, and

changes in fund balance for the year ended December 31, 2012. Consider the proceeds from the sale

and leaseback of an office building as a special item.

Sales tax revenues                                                                 2,200,000

Property tax revenues                                                            2,000,000

ExpendituresAc€??county sheriff                                                1,500,000

ExpendituresAc€??all other departments                                   2,600,000

Fund balance, January 1, 2012                                              300,000

Transfer out to Debt Service Fund                                           1,000,000

Proceeds, sale and leaseback of office building                       1,500,000

Jun 23 2020 View more View Less

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