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I- 0. The adjusted trial balance for White River for the fiscal year ended June 30, 20X9, is presented below. Debits Credits Cash $ 151,000
I- 0. The adjusted trial balance for White River for the fiscal year ended June 30, 20X9, is presented below. Debits Credits Cash $ 151,000 Property Taxes Receivable-Delinquent 20,000 Allowance for Uncollectible Taxes-Delinquent $ 15,000 Inventory of Supplies Vouchers Payable 52,000 60,000 Due to Internal Service Fund 2,000 Fund Balance-Assigned for Inventories 2,000 Fund Balance-Assigned for Encumbrances 12,000 Fund Balance-Unassigned 6,000 Expenditures 718,000 Transfer Out to Internal Service Fund Property 30,000 Taxes Revenues 785,000 Fine and License Revenues 99,000 Estimated Revenues Control 800,000 Estimated Transfer Out to Internal Service Fund 30,000 Appropriations Control 750,000 Budgetary Fund Balance-Unassigned 101000 Totals $1,771,000 $1,771,000 Required: a. Prepare a statement of revenues, expenditures, and changed in fund balance for White River for the year ended June 30, 20X9. Assume there were no supplies or outstanding encumbrances at the beginning of the year. b. Prepare a balance sheet for White River at June 30, 20X9
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