Account balances in the general fund of the New Douglas School System as of June 30, XXXX,
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Account balances in the general fund of the New Douglas School System as of June 30, XXXX, were as follows:
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Cash in bank $115,000 Taxes receivable 75,000 Expenditures-regular salaries 200,000 Expenditures-general supplies 55,000 Expenditures-natural gas 23,000 Expenditures-supplies-food Revenue-earnings on investments Unreserved fund balance Revenue-tuition Expenditures-retirement contributions Revenue-local ad valorem taxes 20,000 15,000 ?* 35,000 14,000 400,000 *To be computed by the reader. Instructions:
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Related Book For
Financial Accounting For School Administrators Tools For School
ISBN: 9781610487719
3rd Edition
Authors: Ronald E. Everett, Donald R. Johnson, Bernard W. Madden
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