Statement of Revenues, Expenditures, and Changes in Fund Balance. The pre-closing trial balance for the Annette County
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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
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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