Problem

Statement of Revenues, Expenditures, and Changes in Fund BalanceRefer to the preclosing tr...

Statement of Revenues, Expenditures, and Changes in Fund Balance

Refer to the preclosing trial balance in Exercise 17-10. Assume that the balances on December 31, 20X0, were as follows:

Fund Balance—Assigned for Encumbrances

$28,000

Fund Balance—Unassigned

91,000

Required

Prepare a general fund-only statement of revenues, expenditures, and changes in fund balance for fiscal 20X1.

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Solutions For Problems in Chapter 17