Homework Chapter 17 The trial balance for the City of Atlanta as of January 1, 2020,...

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Homework Chapter 17 The trial balance for the City of Atlanta as of January 1, 2020, the annual budget for 2020, and transactions for the year ending December 31, 2020 are as follows. Trial Balance January 1, 2020 Cash Investments Accounts receivable Supplies Due from state government Property taxes receivable Allowance for uncollectible accounts Vouchers payable Fund balance - Unassigned Fund balance - Assigned (Inventory) Fund balance - Assigned (Encumbrances) Debit $ 174,450 Credit 195,000 31,075 31,200 85,000 75,600 $ 32,150 179,000 265,075 37,600 78,500 $ 592,325 $ 592,325 For the year 2020, the City of Atlanta budgeted the following: Estimated revenues = $2,323,000 Appropriations = $2,258,000 Transfers from Water and Sewer Fund = $122,000 Transfers to Debt Service Fund = $77,000 Homework Chapter 17 The trial balance for the City of Atlanta as of January 1, 2020, the annual budget for 2020, and transactions for the year ending December 31, 2020 are as follows. Trial Balance January 1, 2020 Cash Investments Accounts receivable Supplies Due from state government Property taxes receivable Allowance for uncollectible accounts Vouchers payable Fund balance - Unassigned Fund balance - Assigned (Inventory) Fund balance - Assigned (Encumbrances) Debit $ 174,450 Credit 195,000 31,075 31,200 85,000 75,600 $ 32,150 179,000 265,075 37,600 78,500 $ 592,325 $ 592,325 For the year 2020, the City of Atlanta budgeted the following: Estimated revenues = $2,323,000 Appropriations = $2,258,000 Transfers from Water and Sewer Fund = $122,000 Transfers to Debt Service Fund = $77,000