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Below you will find a postclosing trial balance for the City of Springfield's General Fund (for the year ended December 31, 2016). 000s have been
Below you will find a postclosing trial balance for the City of Springfield's | ||
General Fund (for the year ended December 31, 2016). 000s have been omitted. | ||
Fund Equity | 77,789 | |
Taxes Payable | 5,386 | |
Cash | 72,375 | |
Short-term Investments | 5,003 | |
Accrued wages | 1,579 | |
Accounts receivable | 2,315 | |
Accounts payable | 375 | |
Prepaid rent | 3,000 | |
Other short-term assets | 5,000 | |
Notes payable | 4,200 | |
Petty cash | 1,636 | |
Total | 89,329 | 89,329 |
Requirements: | ||
1. Prepare a Balance Sheet for the City of Springfield's General Fund for the | ||
year ended 12/31/16. |
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