Statement of Revenues, Expenditures, and Changes in Fund Balance. The pre-closing trial balance for the Annette County
Question:
Required
a. Prepare the June 30, 2011, statement of revenues, expenditures, and changes in fund balance for the capital projects fund.
b. Has the capital project been completed? Explain youranswer.
Transcribed Image Text:
Debits Credits $ 701,000 Cash Grant Receivable 500,000 800,000 Investments $ 835,000 Contract Payable Contract Payable Retained Percentage 24,000 Reserve for Encumbrances 1,500,000 Revenues 680,000 Encumbrances 1,500,000 3,338,000 Construction Expenditures Other Financing Sources Proceeds of Bonds 3,800,000 $6,839,000 $6,839,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a ANNETTE COUNTY PUBLIC WORKS CAPITAL PROJECT FUND STATEMENT OF ...View the full answer
Answered By
Joemar Canciller
I teach mathematics to students because I love to share what I have in this field.
I also want to see the students to love math and be fearless in this field.
I've been tutoring these past 2 years and I would like to continue what I've been doing.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Question Posted:
Students also viewed these Accounting questions
-
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...
-
The following is the pre closing trial balance for Allen University as of June 30, 2017. Additional information related to net assets and the statement of cash flows is also provided. Additional...
-
Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended June 30, 20X8, for the General Fund of Powers Village, given the following information: Fund balance,...
-
A slipper-pad bearing (Fig. P1023) is often encountered in lubrication problems. Oil flows between two blocks; the upper one is stationary, and the lower one is moving in this case. The drawing is...
-
Prepare the general journal entries for the State of North Dakota to properly record each of the following transactions and events in the appropriate general ledger accounts of the appropriate funds...
-
Describe the major impacts of the accidents at Three Mile Island, Chernobyl, and Fukushima Daiichi. Do additional research if necessary.
-
On November 15, 2016, a U.S. company takes delivery of merchandise costing C\($1,000,000\) from a Canadian supplier and records an account payable. On the same date, the company enters a forward...
-
Kuchin Company reports the following for the month of June. Instructions(a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO,(2) LIFO, and (3) average-cost.(b) Which...
-
Please help me sure i will give you good rating . Martha is an Australian and has been working as an engineer for OCC Son Bhd in Malaysia for a few years. Her contract ends on 28 February 2022, she...
-
Gauntlet Gyms Inc. owns athletic training facilities and camping grounds, which it leases to corporate clients, educational institutions, and other non-governmental organizations. The Xavier...
-
Recording Capital Projects Fund Transactions. In Erikus County, the Parks and Recreation Department constructed a library in one of the countys high growth areas. The construction was funded by a...
-
Construction Fund. During FY 2011, the voters of the Town of Dex approved constructing and equipping a recreation center to be financed by tax-supported bonds in the amount of $3,000,000. During...
-
What is stagnation pressure? Explain how it can be measured.
-
An electric transformer is used to switch voltage from one electric circuit to another. It consists of two coils, primary and secondary, that are connected to a magnetic field. These coils work as a...
-
a. Compute the equivalent units of production (EUP) for both direct materials and conversion. Direct Materials Completed and transferred out Ending work in process Equivalent units of production...
-
1. Give the final content of the stack in Graham's algorithm for convex hull for these 3 points A, B and C (check the order!): A (190,291), B=(300,400) and C=(200,300)
-
The maximum sustainable energy price is approximately $15/GJ. Estimate the following: With one GJ (gigajoule), i) how high can you lift a 100kg object?, ii) how many liters of water can you heat from...
-
The titanium shell of an SR-71 airplane would expand when flying at a speed exceeding 3 times the speed of sound. If the skin of the plane is 400 degrees C and the linear coefficient of expansion for...
-
Draw the zero-sequence reactance diagram for the power system shown in Figure 3.33. The zero-sequence reactance of each generator and of the synchronous motor is 0.05 per unit based on equipment...
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
Why are scientists excited to find that RNA molecules can be made that are self-replicating?
-
Congress authorized the Flood Control Commission to start operations on October 1, 2020. Required a. Record the following transactions in general journal form as they should appear in the accounts of...
-
The trial balance of the Federal Antiquities Administration, as of August 31, 2020, follows: Required Prepare a statement of budgetary resources for the 11 months ended August 31, 2020, assuming that...
-
The Rural Assistance Agency operates three major programs as responsibility centersthe Food Bank, Housing Services, and Credit Counseling. Clients pay a fee for services on a sliding scale based on...
-
Which group is incorrectly paired with its description? (A) diatomsimportant producers in aquatic communities (B) red algaeeukaryotes that acquired plastids by secondary endosymbiosis (C)...
-
QUESTION 17 Select the phrase that correctly completes the following statement. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result, O the price of...
-
52.0 68.0 52.0 68.0 (a) How many of the 75% confidence intervals constructed from the 20 samples contain the population mean, =60? (b) How many of the 95% confidence intervals constructed from the 20...
Study smarter with the SolutionInn App