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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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