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ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 4 Section Problem (10 points). Attached are the revenues and expenditures ledgers and the adjusted trial balance

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ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 4 Section Problem (10 points). Attached are the revenues and expenditures ledgers and the adjusted trial balance for the General Fund for the City of Riverton for the fiscal year ending September 30, 20x6. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balances--Budget and Actual for the City's General Fund for the fiscal year ending September 30, 20x6. Assume that encumbrances are treated as expenditures of the current budget year under state legal requirements and that the baance in the encumbrances account is all for General Government REQUIRED: (1) (2) Prepare a Balance Sheet for the City's General Fund at September 30, 20X6

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