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4. Prepare journal entries for the city of Dixon's governmental funds to record the following transactions, first for the fund financial statements and then for
4. Prepare journal entries for the city of Dixon's governmental funds to record the following transactions, first for the fund financial statements and then for government-wide financial statements. NOTE: some transactions do not need to be recorded on either the Fund Financial Statements or the Government-wide Financial Statements. Make sure you include the fund name for fund financial statement journal entries. I completed transaction "a" as an example for how I would like the transactions to be formatted. | |||||||||||||||||||||||||||||||
a. | Ordered new truck for sanitation department-cost | 87,000 | |||||||||||||||||||||||||||||
b. | Printing work charged by city print shop for school system | 1,500 | |||||||||||||||||||||||||||||
c. | Bond issued to build new road | 10,000 | |||||||||||||||||||||||||||||
d. | Cash transferred from General Fund to Enterprise Fund for pool | 152,000 | |||||||||||||||||||||||||||||
e. | Truck ordered in (a.) received at actual cost (not yet paid) | 89,500 | |||||||||||||||||||||||||||||
f. | Cash transferred from General Fund to Capital Projects fund | 34,000 | |||||||||||||||||||||||||||||
g. | State grant received to be spent to promote recycling | 40,000 | |||||||||||||||||||||||||||||
h. | Cash received from State (g.) is expended appropriately | 4,500 | |||||||||||||||||||||||||||||
City of Dixon | |||||||||||||||||||||||||||||||
Fund Financial Statements | |||||||||||||||||||||||||||||||
General Journal
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