Question
A. Prepare for the City of Claire General Fund a statement of revenues, expenditures, and changes in fund balance for the year ended December 31,
A. Prepare for the City of Claire General Fund a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2021.
B. Prepare a Balance Sheet at December 31, 2021 for the City of Claire General Fund. City of Claire General Fund Preclosing Trial Balance December 31, 2021
| City of Claire General Fund Preclosing Trial Balance December 31, 2021 | ||||
|
|
| Debit | Credit |
|
| CASH |
| 45,035 |
|
|
| Taxes Receivable-Delinquent |
| 28,000 |
|
|
| Allowance for Uncollectible Taxes-Del |
|
| 6,700 |
|
| Interest and Penalties Receivable on Taxes |
| 1,280 |
|
|
| Allowance for Uncollectible Interest & Penalties |
|
| 140 |
|
| Accounts Receivable |
| 5,000 |
|
|
| Allowance for Uncollectible Accounts |
|
| 1,000 |
|
| Vouchers Payable |
|
| 63,500 |
|
| Encumbrances Outstanding |
|
| 53,000 |
|
| Fund Balance |
|
| 21,425 |
|
| Budgetary Fund Balance |
|
| 6,000 |
|
| Encumbrances |
| 57,000 |
|
|
| Estimated Revenues |
| 110,000 |
|
|
| Appropriations |
|
| 108,000 |
|
| Taxes Receivable-Current |
| 0 |
|
|
| Allowances for Uncollectible Taxes-Current |
|
| 0 |
|
| Taxes Revenue |
|
| 104,500 |
|
| Salaries and Wages-Expenditures |
| 45,000 |
|
|
| Materials-Expenditures |
| 30,500 |
|
|
| Rent Expenditures |
| 15,000 |
|
|
| Capital Outlay |
| 28,000 |
|
|
| Interest and Penalties Revenue |
|
| 550 |
|
| Total |
| 364,815 | 364,815 |
|
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
