A general ledger trial balance at June 30, 2011, for Millar City is as follows:
| Debits | Credits |
Cash | $12,000 | — |
Taxes receivable | 30,000 | — |
Allowance for uncollectible taxes | — | $2,000 |
Due from other funds | 3,000 | — |
Supplies inventory, June 30, 2011 | 4,000 | — |
Estimated revenues | 300,000 | — |
Expenditures | 290,000 | — |
Expenditures—prior year | 5,000 | — |
Encumbrances | 6,000 | — |
Vouchers payable | — | 13,000 |
Due to other funds | — | 5,000 |
Reserve for encumbrances | — | 6,000 |
Reserve for encumbrances—prior year | — | 5,000 |
Fund balance—nonspendable | — | 4,000 |
Fund balance—unassigned | — | 10,000 |
Appropriations | — | 300,000 |
Revenues | — | 305,000 |
| $650,000 | $650,000 |
Millar City uses a purchases basis in accounting for supplies. Open encumbrances are considered constrained by the highest decision-making level of the city.
REQUIRED: Prepare a fund balance sheet as of June 30, 2011.
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