Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / The pre-closing account balances of the general fund of the City of Batavia on June 30 201...

The pre-closing account balances of the general fund of the City of Batavia on June 30 2015 were as follows: Debits Cash

The pre-closing account balances of the general fund of the City of Batavia on June 30, 2015, were as follows: Debits Cash...............................................$80,000 Taxes receivable-delinquent..................160,000 Due from County..................................18,000 Estimated revenues...........................1,000,000 Expenditures.....................................940,000 Nonreciprocal transfers out......................10,000 Encumbrances.....................................20,000 .................................................$2,228,000 Credits Allowance for uncollectible taxes-delinquent........$30,000 Vouchers payable............................................58,000 Notes payable................................................60,000 Reserve for encumbrances..................................20,000 Fund balance-unassigned................................120,000 Revenues.....................................................980,000 Appropriations..............................................960,000 ............................................................$2,228,000 The fund balance-unassigned at the beginning of the year was $80,000, and there were no carryover encumbrances at the beginning of the fiscal year. The end of year encumbrances are a result of enabling legislation. REQUIRED 1. Prepare a statement of revenues, expenditures, and changes in total fund balance for the year ended June 30, 2015. 2. Pr

 

View less »

Apr 10 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions