govermental accounting

COCA Question (1): 10 Marks Instructions: (Based on the ACCRUAL BASIS The following table shows the total revenues and expenditures during the budget period coded in 2019 (numbers in million): A- Journalize the accounting entries. B Prepare the financial position statement on 31/12/2019. Actual Budget Allocation Received or paid C- Determine the values of the following items Taxes 4SOD 4500 4600 2200 Customs Fees 2120 20:40 Total of Revenue Total of Operating Expenses Total of Capital Expenses The Accumulated Depreciation Buildings Accumulated Depreciation Equipment Balance of Final Account (Surplus Deficit) Balance of Surplus Deficit on 31/12/2019 Balance of Treasury on 31/12/2019 Total of Labilities Balance of Commitment Reserve Salones 3200 3150 3100 Rests 700 660 680 Buildings 2200 2180 2120 t 900 9.30 970 Additional Information: There are maintenance contracts, which have been signed with service companies, worth 70 million and have not been implemented yet . The percentage of depreciation is 15for buildings and 10% for equipment The balance of trawry is 450 million at the beginning of 2019