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balance sheet for governmental accounting? Problem 3 The following adjusted trial balance is taken from the General Fund of the Fruitvale City for the year
balance sheet for governmental accounting?
Problem 3 The following adjusted trial balance is taken from the General Fund of the Fruitvale City for the year ended June 30. Prepare a (post-closing) Balance sheet. CORRECTED VERSION Allowance for uncolectible taxes 2,0 92,000 21,000 12,000 14,000 14,000 58,000 6,000 14,000 6,000 9,000 4,000 119,000 17,000 21,000 15,000 Cash Due from capital projects fund Due to debt service fund Encumbrances Encumbrances outstanding Expenditures Fund Balance, nonspendable Fund Balance, unassigned Inventory of supplies Other financing sources- bond proceeds Other financing uses- transfers out Revenues Taxes receivable Uneamed (unavailable) grant revenues Vouchers payable
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