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ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 8 Name Score Section Problem (10 points). The attached transactions occurred for the Town of Glendo for

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ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 8 Name Score Section Problem (10 points). The attached transactions occurred for the Town of Glendo for the fiscal year ending June 30, 20x5. REQUIRED: (1) For each of the attached transactions, prepare the general journal entries, in proper form, that should be made in the Information Technology (IT) Fund to record the transaction. Omit explanations. Use the letter of the transaction as the date. (2) Prepare a Statement of Revenues, Expenses, and Changes in Net Position for the IT Fund for the fiscal year ending June 30, 20x5

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