Question
Below is the preclosing trial balance of a county's general fund at year-end: Dr Cr Cash $ 45,000 Property taxes receivable 180,000 Due from other
Below is the preclosing trial balance of a county's general fund at year-end:
| Dr | Cr |
Cash | $ 45,000 |
|
Property taxes receivable | 180,000 |
|
Due from other funds | 25,000 |
|
Estimated revenues | 2,300,000 |
|
Operating expenditures | 1,963,000 |
|
Capital outlay | 120,000 |
|
Debt service: Principal | 50,000 |
|
Debt service: Interest | 140,000 |
|
Transfers out | 29,000 |
|
Allowance for uncollectible property taxes |
| $ 150,000 |
Accounts payable |
| 45,000 |
Due to other funds |
| 22,000 |
Appropriations |
| 2,275,000 |
Estimated other financing uses |
| 30,000 |
Property tax revenues |
| 2,295,000 |
Fund balanceunassigned | _________ | 35,000 |
| $ 4,852,000 | $ 4,852,000 |
The general fund's year-end balance sheet will report total liabilities of:
Select one:
A. $ 67,000
B. $195,000
C. $ 45,000
D. $217,000
On the general fund operating statement, what are total expenditures?
Select one:
A. $2,302,000
B. $2,103,000
C. $2,223,000
D. $2,273,000
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