An office clerk for the Town of Yorkville prepared the chart below, which lists all the account titles from the town’s chart of accounts. For each account, a“+” (for an increase) or “—” (for a decrease) was recorded in the appropriate debit and credit column to show the impact of a debit or credit to each account's balance. The last column indicates the normal balance for each account. The intent of creating the chart is to provide an easy reference tool to help new accounting clerks accurately record journal entries and calculate general ledger balances.

Instructions:

Review the office clerk's chart below. Make a new chart so that the reference tool is accurate.

Transcribed Image Text:

Debit Credit Normal Balance +1+ Dr. Dr. Dr. Dr. +1 Dr. Dr. Cr. Cr. Cr. Cr. Dr. Cr. Cr. Dr. Dr. Dr. Cr. Account Title Cash Taxes Receivable-Current All. for Uncoll. Taxes-Current Taxes Receivable-Delinquent All. for Uncoll. Taxes-Delinquent Inventory of Supplies Accounts Payable Unreserved Fund Balance Reserve for Encumbrances-Current Year Reserve for Encumbrances-Prior Year Reserve for Inventory of Supplies Property Tax Revenue Other Revenue Expenditure-Personnel, General Government Expenditure-Supplies, General Government Expenditure-Other Charges, General Government Estimated Revenues Appropriations Budgetary Fund Balance Encumbrance-Personnel, General Government Encumbrance Supplies, General Government Encumbrance-Other Charges, General Government Cr. Cr. Dr. Cr. Cr. 5 5 5 5 5