Following is the preclosing trial balance for the General Fund of the City of Doyle. Required: Prepare
Question:
Following is the preclosing trial balance for the General Fund of the City of Doyle.
Required:
Prepare in general journal form the closing entries for the General Fund of Doyle City.
Transcribed Image Text:
Cash Certificates of Deposit Due from State Government Due from Other Funds Taxes Receivable Estimated Revenue Expenditures Encumbrances General Ledger Trial Balance December 31, 2021 Transfers to Other Funds Expenditures 2020 Estimated Uncollectible Taxes Vouchers Payable Doyle City The General Fund Due to Other Funds Fund Balance-Unassigned Fund Balance-Assigned (Note 1) Appropriations Revenue Transfers from Other Funds Note 1: Includes $50,000 of encumbrances from 2020. $ 400,000 350,000 112,000 30,000 774,000 3,110,000 1,960,000 734,000 90,000 55,000 $7,615,000 $ 30,000 64,000 27,000 760,000 784,000 2,700,000 3,210,000 40,000 $7,615,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
1 3 Revenue 2 Appropriations 4 Estimated Revenue Fund BalanceUnassigned E...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Following is the preclosing trial balance for the General Fund of the City of Doyle. Required: Prepare in general journal form the closing entries for the General Fund of DoyleCity. Doyle City The...
-
Following is the preclosing trial balance for the General Fund of the City of Doyle. Note 1: Includes $50,000 of encumbrances from 2020. Required: Prepare in general journal form the closing entries...
-
The preclosing trial balance for the General Fund of the City of Springfield is presented below. Required: Prepare the closing entries for the GeneralFund. City of Springfield The General Fund...
-
1. List five line coding schemes discussed in this book. 2. Define block coding and give its purpose. 3. Define scrambling and give its purpose. 4. Compare and contrast PCM and DM 5. What are the...
-
Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major distinguishing feature of the two products is the octane level required. Regular fuel must have a...
-
At 25C, fluorine, F 2, and chlorine, Cl 2 , are gases but bromine, Br 2 , is a liquid. What does this say about the intermolecular forces in bromine relative to those in fluorine and chlorine?
-
What do you think are some additional potential uses for Navteq's navigation products? Would these be market development or product development? LO1
-
Refer to the information in Exercise 10-4. Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation.
-
Taxpayers have the choice of claiming either deductions for AGI or the standard deduction. True or False
-
On January 1, 2025, the City of Cape May authorized and issued $200,000 of 5%, three- year term bonds. Interest is payable annually on December 31. A debt service fund is established to accumulate...
-
Mark Malone, Pete Patton, and Sally Spencer formed a partnership on January 1, 2024. Their original capital investments (all cash) were $140,000, $160,000, and $100,000, respectively. During the...
-
$\qquad$ is a pictorial display of personal relationship among related or unrelated parties. a. Timeline b. Entity charts c. Genogram d. Graphology e. Full-inclusion
-
Use the Comparison Theorem to determine whether the integral is convergent or divergent. L da
-
Problem 3 (2 scenarios) Scenario 1: Rocky Inc hired a new intern from CSU to help with year-end inventory. The intern computed the inventory counts at the end of 2020 and 2021. However, the intern's...
-
A CM reactor receives influent containing 10.0 mg/L of tracer for 2 h. Then tracer addition is terminated but the flow remains steady. The volume of the reactor is 10 L and the flow rate is 2 L / h....
-
Solve the given system of equations graphically by using a graphing calculator. y=5x x+y2=81 Find the solution with the smaller x-value. x= y= (Type an integer or a decimal rounded to one decimal...
-
I-The market for Sony's Playstation5 game console has changed from 2021 to 2023. With restrictions from the Covid-19 pandemic ending people are finding other entertainment options available such as...
-
The management of current assets and current liabilities in the short run can lead to several challenges for the financial manager. What are some of the more common challenges or problems encountered...
-
Why is it important to understand the macro-environment when making decisions about an international retail venture?
-
The following information concerns the operations of Blane Company for the year ended December 31, 2019. Required: Determine the operating profit (loss) for each of Blane?s two segments for 2019. (In...
-
Branson Industries conducts operations in five major industries, A, B, C, D, and E. Financial data relevant to each industry for the year ending December 31, 2019, are as follows: Included in the...
-
LAX Inc. has the following income before income tax and estimated effective annual income tax rates for the first three quarters of 2019. Required: What should be LAX?s income tax provision in the...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
-
Which of the following concerning short-term financing methods is NOT CORRECT? Short-term bank loans typically do not require assets as collateral. Firms generally have little control over the level...
-
Kingbird Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2017, Kingbird declared a...
Study smarter with the SolutionInn App