- (1) What are the current balances of the Estimated Revenues and
Appropriations control accounts?
(2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts?
Answer to 1 and 2 need to be entered into the spaces below.
Homework Answers
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(1) What are the current balances of the Estimated Revenues and
Appropriations control accounts?
(2) What...
(1) Was the budget adjusted during the year? (2) If so, which accounts if any were...
(1) Was the budget adjusted during the year?
(2) If so, which accounts if any were adjusted and by how
much?
(3) In total, has Budgetary Fund Balance increased, decreased, or
remained the same during the first fiscal quarter?
(1) Was the budget adjusted during the year? (3) Has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? Appropriations, Expenditures, and Encumbrances Ledger Encumbrances Encumbrances Encumbrances Expenditures Increase Decrease Balance Expenditures Balance Appropriation Dr (Cr)...
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the...
The printout of the Revenues and Appropriations subsidiary
ledger accounts for the General Fund of the City of Augusta for the
first quarter of the fiscal year appeared as follows:
Required: a. What are the current balances of
the Revenues, Encumbrances, and Expenditures control accounts?
b. What are the current balances of the
Estimated Revenues and Appropriations control accounts?
Current Balance
(a)
Revenues
?
Encumbrances
?
Expenditures
?
(b)
Estimated Revenues
?
Appropriations
?
Revenues Cr(Dr) Balance Dr(Cr) 759,000 550,900...
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the...
The printout of the Revenues and Appropriations subsidiary
ledger accounts for the General Fund of the City of Augusta for the
first quarter of the fiscal year appeared as follows:
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Cr(Dr) Balance Dr(Cr) 200,900 751,000 550, 100 Revenues Ledger Est. Revenues Account Ref Account Title Dr(Cr) 3/4020 Taxes-Real Property...
I need help on this specific accounting question relating to budgets(nonprofit). Can you please show your...
I need help on this specific accounting question relating to
budgets(nonprofit). Can you please show your calculations for the
problem involved? I need to learn how to do this but I am stuck.
Need to know if I am doing this correctly. THIS IS A SUFFICIENT
AMOUNT OF INFORMATION TO COMPLETE THE PROBLEM. Please don't tell me
its not just because you dont want to answer the question, as we're
paying customers trying to LEARN. Please Complete. Thank you.
The...
Required information [The following information applies to the questions displayed below.] The following transactions occurred during...
Required information [The following information applies to the questions displayed below.] The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: Estimated Revenues: $1,943,000 372,000 397,000 62,000 Тахes Licenses and permits Intergovernmental revenue Miscellaneous revenues...
I need help figuring out what is missing in the chart? The following information applies to...
I need help figuring out what is missing in the chart?
The following information applies to the questions displayed below The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation 1. The budget prepared for the fiscal year 2017 was as follows: Estimated Revenues: $1,943,000 Taxes Licenses...
Preparation of appropriations ledger The following transactions and events that occurred in the village of Kowitt...
Preparation of appropriations ledger The following transactions and events that occurred in the village of Kowitt Gorge during the calendar year 2019: 1. The village commissioners adopted the following budget: Estimated revenues: Property taxes $1,850,000 All other revenues 300,000 Total revenues $2,150,000 Appropriations: All departments other than police $1,000,000 Police-salaries 600,000 Police-fringe benefits 450,000 Police-supplies 80,000 Total appropriations $2.130,000 2. The village received, in cash, property taxes of $1,840,000 and all other revenues of $295,000. 3. The village made cash...
1.Beginning balances were: Cash, $110,000; Taxes Receivable, $251,000, Accounts payable,$65,000; and Fund Balance, $260,000. 2. The...
1.Beginning balances were: Cash, $110,000; Taxes Receivable, $251,000, Accounts payable,$65,000; and Fund Balance, $260,000. 2. The budget was passed, Estimated revenues amounted to $1,400,000 and appropriations totaled $1,394,000. All expenditures are classified as General Government. 3. Property taxes were levied in the amount of $ 1,000,000. All of the taxes are expected to be collected before February 2021. 4. Cash receipts totaled $ 970,000 for property taxes and $ 340,000 from other revenue. 5. Contracts were issued for contracted services...
(1) Was the budget adjusted during the year?
(2) If so, which accounts if any were adjusted and by how
much?
(3) In total, has Budgetary Fund Balance increased, decreased, or
remained the same during the first fiscal quarter?
(1) Was the budget adjusted during the year? (3) Has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? Appropriations, Expenditures, and Encumbrances Ledger Encumbrances Encumbrances Encumbrances Expenditures Increase Decrease Balance Expenditures Balance Appropriation Dr (Cr)...
The printout of the Revenues and Appropriations subsidiary
ledger accounts for the General Fund of the City of Augusta for the
first quarter of the fiscal year appeared as follows:
Required: a. What are the current balances of
the Revenues, Encumbrances, and Expenditures control accounts?
b. What are the current balances of the
Estimated Revenues and Appropriations control accounts?
Current Balance
(a)
Revenues
?
Encumbrances
?
Expenditures
?
(b)
Estimated Revenues
?
Appropriations
?
Revenues Cr(Dr) Balance Dr(Cr) 759,000 550,900...
The printout of the Revenues and Appropriations subsidiary
ledger accounts for the General Fund of the City of Augusta for the
first quarter of the fiscal year appeared as follows:
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Cr(Dr) Balance Dr(Cr) 200,900 751,000 550, 100 Revenues Ledger Est. Revenues Account Ref Account Title Dr(Cr) 3/4020 Taxes-Real Property...
I need help on this specific accounting question relating to
budgets(nonprofit). Can you please show your calculations for the
problem involved? I need to learn how to do this but I am stuck.
Need to know if I am doing this correctly. THIS IS A SUFFICIENT
AMOUNT OF INFORMATION TO COMPLETE THE PROBLEM. Please don't tell me
its not just because you dont want to answer the question, as we're
paying customers trying to LEARN. Please Complete. Thank you.
The...
Required information [The following information applies to the questions displayed below.] The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: Estimated Revenues: $1,943,000 372,000 397,000 62,000 Тахes Licenses and permits Intergovernmental revenue Miscellaneous revenues...
I need help figuring out what is missing in the chart?
The following information applies to the questions displayed below The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation 1. The budget prepared for the fiscal year 2017 was as follows: Estimated Revenues: $1,943,000 Taxes Licenses...
Preparation of appropriations ledger The following transactions and events that occurred in the village of Kowitt Gorge during the calendar year 2019: 1. The village commissioners adopted the following budget: Estimated revenues: Property taxes $1,850,000 All other revenues 300,000 Total revenues $2,150,000 Appropriations: All departments other than police $1,000,000 Police-salaries 600,000 Police-fringe benefits 450,000 Police-supplies 80,000 Total appropriations $2.130,000 2. The village received, in cash, property taxes of $1,840,000 and all other revenues of $295,000. 3. The village made cash...
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