(Closing journal entries) The following are selected accounts from the trial balance of the Walker Tunnel Fund,...

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(Closing journal entries)

The following are selected accounts from the trial balance of the Walker Tunnel Fund, a Capital Projects Fund, as of June 30, 2004 (the end of the fiscal year):

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Required: 1. Prepare the closing entry for June 30, 2004.
2. Assuming no revenues are budgeted for fiscal 2005, prepare the opening entries necessary for July 1, 2004.

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Introduction To Government And Not For Profit Accounting

ISBN: 9780130464149

5th Edition

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

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