answers for government and not for profit making accounting please. The questions are clear and complete, help me answer the question using the requirement 3 on the question and other helpful information from the question.

The following is a trial balance of the General Fund of the city of Mongu as of December 31, 20x0, after closing entries: D Or. Cash K33,600 Taxes ReceivableDelinquent 25,400 Allowance for Uncollectible Taxes-Delinquent... K 5,900 Accounts Receivable 15,500 Allowance for Uncollectible Accounts. 2,500 Vouchers Payable. 42.000 Fund Balance 24,100 K74.500 K74.500 (Because interest and penalties on taxes are not material, they are not accrued.) The following transactions took place during 20X1: R. Reestablish the encumbrances carried over from 20X0, K16,000. 1. The budget for the year was adopted. Revenues were estimated at K216,000; appropriations of K229,000 were made, including an appropriation of K16,000 for materials ordered in 20X0. 2. Delinquent taxes of K2800 were declared uncollectible and written off. 3. Property taxes of K210,000 were levied; a 3% allowance for estimated losses was provided. 4. Uniforms estimated to cost K15,000 were ordered, as was a snowplow estimated to cost K3,500. 5. The materials ordered in 20X0 and set up as an encumbrance of that year for K16,000 was received the actual cost, K15,000, was vouchered for later payment. 6. Collections were made as follows: Current Taxes K182,000 Delinquent Taxes 8,500 Interest and Penalties on Taxes 200 Accounts Receivable. 7.300 Total K198.000 7. Received a bill for K3,000 from the city central printing shop. 8. Payroll vouchers for K100,000 were approved and paid, as was a transfer of K38,000 to a Debt Service Fund to cover serial bond debt service. 9. The uniforms and snowplow (ordered in 4) were received; the invoices were for K16,000 and K3,800, respectively, 10. Delinquent taxes of K350, written off in preceding years, were collected. 11. Current taxes receivable became delinquent. 12. Paid K200 to a Special Revenue Fund for supplies acquired for General Fund purposes, but originally paid for from and recorded as expenditures in) a Special Revenue Fund; and paid K60,000 of vouchers payable. 13. An order was placed for equipment estimated to cost K24,000. 14. Miscellaneous revenues of K5,000 were collected, and K5,000 was received from a discontinued Capital Projects Fund. 1. Required: 1. Post the opening trial balance to T-accounts. 2. Prepare journal entries and Post the journal entries to the T-accounts opened in (1) 3. Prepare preclosing trial balance at December 31, 20X1. 4. Prepare closing entries. 5. Prepare a post-closing trial balance at December 31, 20X1. Suggested Solutions Requirements (1. Post the opening trial balance to T-accounts), (2. Posting the journal entries to the T-accounts opened in (1 and 2) Commented (U1]: The T-Accounts here include the opening balances in requirement and the journal entry Allowance in collect the balances in the T-Accounts in requiremeni Two Cash Taxes Recehalen www Taxes Owen 138.000 8) 1) 28.400 2,800 (2) (2) 2.00 5,90 (B) J 98,000 60,200 (2) (10) 350 4.500 (6) 350 (10) 350 (a) 28.01 350 (105) 10,000 $3,250 12.330 241.9.50 J48200 9,730 E) 4,754 Commented [U2]: Afterall valus are entered. The cksing Balancing entry (E) is taken to the trial balance. Icows RecehaWe Allowance for Uwcollecwhile cows Powers www 15,500 7,300 (6) 2,500 (B) (12) 42,00 (R) 220 2.30 E) 15,000 (5) JOM wh 80,000 76,800 16,800 6) (105) (4) ) Fwd Balance 0 Estimated Reves 216000 216,00 da) 19) ACU) Encww.onces Owscanding 16,000 1600 (R) J&500 J&,500 (4) 24,000 (13) 58,500 58,500 37,90 (B) AC2) (E) Commented [U3]: Closing entry for Estimated Revenues credited Bardactar Fad Balance 13.00 2,00 ACU CI) Aww katons 229,000 229,000 (R) (4) (13) Ewww.vances 16,00 16,000 18,500 JA500 24,000 24.000 58,500 5,500 (Sa) 19) ACU) RE 203,700 200 3,00 2008, 900 208,9 (14) 11 Commented (U4): Closing entry for Revenues Debited Allonce in will Taxes-Curent 1115) 6,300 3) 300 (3) b) Luxes Receivable-Curren 210,000 182,00 (6) 28,000 (1) 210.00 210,000 Expeduwes 15,000 3,000 100,000 18) 195) (12) 9,800 2000 38 Commented [US]: Closing entry for Expenditure Credited Dweiler Service www OFL- Trio Deb Service Fund OF S-Trowser Capital Pro Fwd 3.000 (7) 3) 38,000 38,000 c) 102 5,000 3,00 Commented [U6]: Closing way for other Financing sources Credited 3,000 E) Requirement (2) Prepare journal entries and Post the journal entries to the T- accounts opened in (1) Accounts Commented (U7): The journal arties past here are taken to the T- Accounts after the opening bulances (E) are posted in the T-Accounts # Dr. Or. 16,000 R Encumbrances (Materials) Encumbrances Outstanding To reestablish encumbrances 16,000 216,000 13,000 229,000 2,800 2,800 210,000 6,300 203,700 1. Estimated Revenues Budgetary Fund Balance Appropriations To record budget adoption 2. Allowance for Uncollectible TaxesDelinquent Taxes Receivable-Delinquent To record write-off of taxes 3. Taxes Receivable-Current Allowance for Uncollectible Taxes Current. Revenues (Taxes) To record tax levy 4. Encumbrances (Uniforms, K75,000; snowplow, K3,500) Encumbrances Outstanding To record encumbrances for uniforms and snowplow ordered Sa. Encumbrances Outstanding Encumbrances (Materials) To reverse encumbrance entry 5b. Expenditures (Materials) Vouchers Payable To record expenditure for materials 18,500 18,300 16,000 16,000 15,000 15.000 198,000 Cash Taxes ReceivableCurrent Taxes Receivable-Delinquent Revenues (Interest and Penalties) Accounts Receivable To record cash receipts 182,000 4300 200 7,300 To record encumbrance for equipment ordered 14. Cash 10,000 Revenues (Miscellaneous) OF S-Transfer from Capital Projects Fund. To record collection of various revenues not previously accrued and transfer in 5.000 5.000 Requirement (3) Prepare pre-closing trial balance at December 31, 20x0. Commented [U8]: The procksing trial balance is the basis ke preparing Financial Statements. City of Manigu General Fund Prechasing Trial Balance December 31, 20X7 be 1 Account's Cash Taxes Recevable-Delinquent Allowance for Uncollectibe Taxes-Delingen Accounts Receivable Allowance for Uncollectible Accounts Vouchers Paulle Encuentrances Outstanding Ford Balance Badgetary Fund Balance Estimated Revenues Appraiations Encances Revenues Expenditures Due to Internal Service Fond OFU-Transfer to Del Service Ford OFS-Transfer from Capital Projects Fund K 83.750 2,100 K 9.750 4200 2,500 16,800 24.000 24,100 13,000 216,000 229.000 24,000 208,900 138.000 3,000 38,000 5.000 K523.050 K523.050 Commented (U9): We cwe incumbences, Revenues and all expense accounts, which include trinkers Dr. Requirement (4) Prepare closing entries. # Accounts CI. Encumbrances Outstanding- Appropriations Encumbrances Estimated Revenues. Budgetary Fund Balance To close the budgetary accounts at year end 24,000 229,000 24,000 216,000 13,000 C2. Revenues --- OF S-Transfer from Capital Projects Fund.... Expenditures 208.900 5,000 138,000 7. Expenditures (Printing Services) 3,000 Due to Internal Service Fund. 3,000 To record expenditures and liability to central printing shop (an interfund services transaction) & Expenditures (Personal Services) 100,000 OFU-Transfer to Dehr Service Fund 38,000 Cash 138,000 To record payment of payroll and transfer 9a. Encumbrances Outstanding 18,500 Encumbrances (uniforms, K13.000; snowplow, K 3,500) 18,500 To reverse encumbrance entry for uniforms and snowplow 9. Expenditures (uniforms, K16,000; snowplow, K3,800) 19,800 Vouchers Pavable 19,800 To record expenditures for uniforms and snowplow 10a. Taxes ReceivableDelinquent 350 Allowance for Uncollectible Taxes-Delinquent 350 To re-establish taxes receivable previously written off 10h. Cash 3.50 Taxes Receivable-Delinquent 350 To record collection of taxes previously written off 10. Alternative entry acceptable with assumption that taxpayer ledger account updated for payment of taxes: Cash 350 Allowance for Uncollectible Taxes-Delinquent 350 To record collection of taxes previously written off Taxpayer ledger account has been updated Ilo Thyex Rereiwheelinquent 28.000 Taxes Receivable-Current 28,000 To record taxes becoming delinquent 11h. Allowance for Uncollectible Taxes-Current 6,300 Allowance for Uncollectible TaxesDelinquent To reclassify allowance account as relating to delinquent taxes 12. Expenditures (Materials) 200 Vouchers Payable 60,000 Cash 60,200 To pay vouchers and reimburse Special Revenue Fund 13. Encumbrances (Equipment) 24,000 Encumbrances Outstanding- 24,000 6300 From the trial Balance in requirement number Three, Prepare all necessary financial statements for the General Fund of the City of Mongu (10 Marks) The following is a trial balance of the General Fund of the city of Mongu as of December 31, 20x0, after closing entries: D Or. Cash K33,600 Taxes ReceivableDelinquent 25,400 Allowance for Uncollectible Taxes-Delinquent... K 5,900 Accounts Receivable 15,500 Allowance for Uncollectible Accounts. 2,500 Vouchers Payable. 42.000 Fund Balance 24,100 K74.500 K74.500 (Because interest and penalties on taxes are not material, they are not accrued.) The following transactions took place during 20X1: R. Reestablish the encumbrances carried over from 20X0, K16,000. 1. The budget for the year was adopted. Revenues were estimated at K216,000; appropriations of K229,000 were made, including an appropriation of K16,000 for materials ordered in 20X0. 2. Delinquent taxes of K2800 were declared uncollectible and written off. 3. Property taxes of K210,000 were levied; a 3% allowance for estimated losses was provided. 4. Uniforms estimated to cost K15,000 were ordered, as was a snowplow estimated to cost K3,500. 5. The materials ordered in 20X0 and set up as an encumbrance of that year for K16,000 was received the actual cost, K15,000, was vouchered for later payment. 6. Collections were made as follows: Current Taxes K182,000 Delinquent Taxes 8,500 Interest and Penalties on Taxes 200 Accounts Receivable. 7.300 Total K198.000 7. Received a bill for K3,000 from the city central printing shop. 8. Payroll vouchers for K100,000 were approved and paid, as was a transfer of K38,000 to a Debt Service Fund to cover serial bond debt service. 9. The uniforms and snowplow (ordered in 4) were received; the invoices were for K16,000 and K3,800, respectively, 10. Delinquent taxes of K350, written off in preceding years, were collected. 11. Current taxes receivable became delinquent. 12. Paid K200 to a Special Revenue Fund for supplies acquired for General Fund purposes, but originally paid for from and recorded as expenditures in) a Special Revenue Fund; and paid K60,000 of vouchers payable. 13. An order was placed for equipment estimated to cost K24,000. 14. Miscellaneous revenues of K5,000 were collected, and K5,000 was received from a discontinued Capital Projects Fund. 1. Required: 1. Post the opening trial balance to T-accounts. 2. Prepare journal entries and Post the journal entries to the T-accounts opened in (1) 3. Prepare preclosing trial balance at December 31, 20X1. 4. Prepare closing entries. 5. Prepare a post-closing trial balance at December 31, 20X1. Suggested Solutions Requirements (1. Post the opening trial balance to T-accounts), (2. Posting the journal entries to the T-accounts opened in (1 and 2) Commented (U1]: The T-Accounts here include the opening balances in requirement and the journal entry Allowance in collect the balances in the T-Accounts in requiremeni Two Cash Taxes Recehalen www Taxes Owen 138.000 8) 1) 28.400 2,800 (2) (2) 2.00 5,90 (B) J 98,000 60,200 (2) (10) 350 4.500 (6) 350 (10) 350 (a) 28.01 350 (105) 10,000 $3,250 12.330 241.9.50 J48200 9,730 E) 4,754 Commented [U2]: Afterall valus are entered. The cksing Balancing entry (E) is taken to the trial balance. Icows RecehaWe Allowance for Uwcollecwhile cows Powers www 15,500 7,300 (6) 2,500 (B) (12) 42,00 (R) 220 2.30 E) 15,000 (5) JOM wh 80,000 76,800 16,800 6) (105) (4) ) Fwd Balance 0 Estimated Reves 216000 216,00 da) 19) ACU) Encww.onces Owscanding 16,000 1600 (R) J&500 J&,500 (4) 24,000 (13) 58,500 58,500 37,90 (B) AC2) (E) Commented [U3]: Closing entry for Estimated Revenues credited Bardactar Fad Balance 13.00 2,00 ACU CI) Aww katons 229,000 229,000 (R) (4) (13) Ewww.vances 16,00 16,000 18,500 JA500 24,000 24.000 58,500 5,500 (Sa) 19) ACU) RE 203,700 200 3,00 2008, 900 208,9 (14) 11 Commented (U4): Closing entry for Revenues Debited Allonce in will Taxes-Curent 1115) 6,300 3) 300 (3) b) Luxes Receivable-Curren 210,000 182,00 (6) 28,000 (1) 210.00 210,000 Expeduwes 15,000 3,000 100,000 18) 195) (12) 9,800 2000 38 Commented [US]: Closing entry for Expenditure Credited Dweiler Service www OFL- Trio Deb Service Fund OF S-Trowser Capital Pro Fwd 3.000 (7) 3) 38,000 38,000 c) 102 5,000 3,00 Commented [U6]: Closing way for other Financing sources Credited 3,000 E) Requirement (2) Prepare journal entries and Post the journal entries to the T- accounts opened in (1) Accounts Commented (U7): The journal arties past here are taken to the T- Accounts after the opening bulances (E) are posted in the T-Accounts # Dr. Or. 16,000 R Encumbrances (Materials) Encumbrances Outstanding To reestablish encumbrances 16,000 216,000 13,000 229,000 2,800 2,800 210,000 6,300 203,700 1. Estimated Revenues Budgetary Fund Balance Appropriations To record budget adoption 2. Allowance for Uncollectible TaxesDelinquent Taxes Receivable-Delinquent To record write-off of taxes 3. Taxes Receivable-Current Allowance for Uncollectible Taxes Current. Revenues (Taxes) To record tax levy 4. Encumbrances (Uniforms, K75,000; snowplow, K3,500) Encumbrances Outstanding To record encumbrances for uniforms and snowplow ordered Sa. Encumbrances Outstanding Encumbrances (Materials) To reverse encumbrance entry 5b. Expenditures (Materials) Vouchers Payable To record expenditure for materials 18,500 18,300 16,000 16,000 15,000 15.000 198,000 Cash Taxes ReceivableCurrent Taxes Receivable-Delinquent Revenues (Interest and Penalties) Accounts Receivable To record cash receipts 182,000 4300 200 7,300 To record encumbrance for equipment ordered 14. Cash 10,000 Revenues (Miscellaneous) OF S-Transfer from Capital Projects Fund. To record collection of various revenues not previously accrued and transfer in 5.000 5.000 Requirement (3) Prepare pre-closing trial balance at December 31, 20x0. Commented [U8]: The procksing trial balance is the basis ke preparing Financial Statements. City of Manigu General Fund Prechasing Trial Balance December 31, 20X7 be 1 Account's Cash Taxes Recevable-Delinquent Allowance for Uncollectibe Taxes-Delingen Accounts Receivable Allowance for Uncollectible Accounts Vouchers Paulle Encuentrances Outstanding Ford Balance Badgetary Fund Balance Estimated Revenues Appraiations Encances Revenues Expenditures Due to Internal Service Fond OFU-Transfer to Del Service Ford OFS-Transfer from Capital Projects Fund K 83.750 2,100 K 9.750 4200 2,500 16,800 24.000 24,100 13,000 216,000 229.000 24,000 208,900 138.000 3,000 38,000 5.000 K523.050 K523.050 Commented (U9): We cwe incumbences, Revenues and all expense accounts, which include trinkers Dr. Requirement (4) Prepare closing entries. # Accounts CI. Encumbrances Outstanding- Appropriations Encumbrances Estimated Revenues. Budgetary Fund Balance To close the budgetary accounts at year end 24,000 229,000 24,000 216,000 13,000 C2. Revenues --- OF S-Transfer from Capital Projects Fund.... Expenditures 208.900 5,000 138,000 7. Expenditures (Printing Services) 3,000 Due to Internal Service Fund. 3,000 To record expenditures and liability to central printing shop (an interfund services transaction) & Expenditures (Personal Services) 100,000 OFU-Transfer to Dehr Service Fund 38,000 Cash 138,000 To record payment of payroll and transfer 9a. Encumbrances Outstanding 18,500 Encumbrances (uniforms, K13.000; snowplow, K 3,500) 18,500 To reverse encumbrance entry for uniforms and snowplow 9. Expenditures (uniforms, K16,000; snowplow, K3,800) 19,800 Vouchers Pavable 19,800 To record expenditures for uniforms and snowplow 10a. Taxes ReceivableDelinquent 350 Allowance for Uncollectible Taxes-Delinquent 350 To re-establish taxes receivable previously written off 10h. Cash 3.50 Taxes Receivable-Delinquent 350 To record collection of taxes previously written off 10. Alternative entry acceptable with assumption that taxpayer ledger account updated for payment of taxes: Cash 350 Allowance for Uncollectible Taxes-Delinquent 350 To record collection of taxes previously written off Taxpayer ledger account has been updated Ilo Thyex Rereiwheelinquent 28.000 Taxes Receivable-Current 28,000 To record taxes becoming delinquent 11h. Allowance for Uncollectible Taxes-Current 6,300 Allowance for Uncollectible TaxesDelinquent To reclassify allowance account as relating to delinquent taxes 12. Expenditures (Materials) 200 Vouchers Payable 60,000 Cash 60,200 To pay vouchers and reimburse Special Revenue Fund 13. Encumbrances (Equipment) 24,000 Encumbrances Outstanding- 24,000 6300 From the trial Balance in requirement number Three, Prepare all necessary financial statements for the General Fund of the City of Mongu (10 Marks)