The preclosing 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. Prepare a general fund balance sheet at June 30, 2015.
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