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DUE DATE: FRIDAY 8/26/2016 BY 5:00PM 2). Required: [12 pts.] The City of Stromfield had, among others, the following preclosing account balances in its General
DUE DATE: FRIDAY 8/26/2016 BY 5:00PM
2). Required: [12 pts.]
The City of Stromfield had, among others, the following preclosing account balances in its General Fund as of June 30, 2004. Debits | Credits |
Appropriations | 3,000,000 |
Cash | 811,000 |
Due to Other Funds | 35,000 |
Encumbrances | 102,000 |
Estimated Revenues | 3,550,000 |
Expenditures | 2,970,000 |
Beginning Fund Balance- As of 7/1/2003 | 300,000 |
Revenues | 3,601,000 |
Taxes Receivable | 150,000 |
Accounts Payable | 275,000 |
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