PREPARE A STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR CITY OF COPELAND. PREPARE POST
Fantastic news! We've Found the answer you've been seeking!
Question:
PREPARE A STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR CITY OF COPELAND. PREPARE POST CLOSING BALANCE SHEET USING THE FOUR FUND BALANCES TOTAL OF FOUR BALANCE SHEETS. BE SURE TO PROVIDE FINANCIAL STATEMENTS AND NOT JUST POST CLOSING BALANCES. CHECK ALL CHANGES MADE TO ACCOUNT PRIOR TO PRESENT IN FINANCIAL STATEMENTS.
THIS IS WHAT IS ASKED OF THIS PROBLEM PLEASE GIVE AS MUCH DETAILED EXPLANATION AS POSSIBLE WOULD LIKE TO REALLY UNDERSTAND THIS PROBLEM.
THANK YOU
GENERAL FUNDS | DEBIT | CREDITS | |||
CASH | 19000 | ||||
TAX RECIEVABLE | 202000 | ||||
ALLOWANCE FOR UNCOLLECTIBLE TAXES | 2000 | ||||
VOUCHERS PAYABLE | 24000 | ||||
DUE TO DEBT SERVICE FUND | 10000 | ||||
UNAVAILABLE REVENUES | 16000 | ||||
ENCUMBRANCES OUTSTANDING | 9000 | ||||
FUND BALANCE-UNASSIGNED | 103000 | ||||
REVENUES | 176000 | ||||
EXPENDITURES | 110000 | ||||
ENCUMBRANCES OUTSTANDING | 9000 | ||||
ESTIMATED REVENUES | 190000 | ||||
APPROPRIATIONS | 171000 | ||||
BUDGERARY FUND BALANCE | 19000 | ||||
TOTAL | 530000 | 530000 |
DEBT SERVICE FUND | DEBIT | CREDIT | |||
CASH | 8000 | ||||
INVESTMENTS | 51000 | ||||
TAX RECEIVABLE | 11000 | ||||
DUE FROM GENERAL FUNDS | 10000 | ||||
FUND BALANCE COMMITMENT | 45000 | ||||
REVENUES | 20000 | ||||
OTHER FINANCING SOURCES | 90000 | ||||
OPERATING TRANSFERS IN | OPERATING TRANSFERS IN | 75000 | 155000 | ||
EXPENDITURES | |||||
TOTAL | 155000 | 155000 |
CAPITAL PROJECT FUND | DEBIT | CREDIT | |||
CASH | 70000 | ||||
SPECIAL ASSESSEMENTS RECEIVEBALE | 90000 | ||||
CONTRACTS PAYABLE | 50000 | ||||
UNAVAILABLE REVENUES | 90000 | ||||
ENCUMBRANCES OUTSTANDING | 16000 | ||||
FUND BALANCE-UNASSIGNED | 0 | ||||
OTHER FINANCING SOURCES | 150000 | ||||
EXPENDITURES | 130000 | ||||
ENCUMBRANCES | 16000 | ||||
ESTIMATED OTHER FINANCING SOURCES | 150000 | ||||
APPRECIATIONS | 456000 | 150000 | |||
TOTAL | 456000 | 456000 |
SPECIAL REVENUE FUND | DEBIT | CREDIT | ||||
CASH | 14000 | |||||
TAX RECIEVABLE | 41000 | |||||
INVENTORY OF SUPPLIES | 4000 | |||||
VOUCHERS PAYABLE | 25000 | |||||
GRANT REVENUES COLLECTED IN | IN ADVANCE | 3000 | ||||
FUND BALANCE- NONSPENDABLE | 4000 | |||||
ENCUMBRANCES OUTSTANDING | 3000 | |||||
FUND BALANCE-UNASSIGNED | 19000 | |||||
REVENUES | 56000 | |||||
EXPENDITURES | 48000 | |||||
ENCUMBRANCES | 3000 | |||||
ESTIMATED REVENUES | 75000 | |||||
APPROPRIATIONS | 60000 | |||||
BUDGETARY FUND BALANCE | 15000 | |||||
TOTAL | 185000 | 185000 |
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Posted Date: