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I need assistance with entries for the general fund please and thank you The finance director for the City of Green Falls printed the General
I need assistance with entries for the general fund please and thank you
The finance director for the City of Green Falls printed the General Fund Revenues and Appropriations Ledgers shown below for the year just ended. REVENESES LEDGER 102104110111112EstimatedRevenues-InterestandPenaltiesonTaxesBudgetAuthorizationPreviousDeferralBudgetAnendmentClosingEntryClosingEntry46,55946,55024,750(250)(21,809) Estimated Revenues-ticenses and Permits 102 Budget Authorization 103 Received in Cash 111 Closing Entry 112 Closing Entry 460,750(460,750)460,750455,050(455,050)5,700(455,050) REVENUES LEDGER The beginning-of-the-year fund balance was \$158.260. Estimated and actual Other Financing Uses-Interfund Transfers Out totaled $50,000 Required a From the ledger detail, reproduce the summary journal entries recorded in the General Fund general journal to close the operating statement and budgetary accounts at the end of the year. b. What are the amounts of encumbrances outstanding at year-end? c. Prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of the City of Green Falls for the prior year. d. Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. Complete this question by entering your answers in the tabs below. From the ledger detail, reproduce the summary joumat entries recorded in the General Fund general journal to close the operating statennent and budgetary accounts at the end of the year. (if no entry is required for a transactionvevenc, select "No yourmal tntry Required" in the first account field.) a. From the ledger detail, reproduce the summary journal entries recorded in the General Fund general journal to close the operating statement and budgetary accounts at the end of the year. b. What are the amounts of encumbrances outstanding at year-end? c. Prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of the City of Green Falls for the prior year. d. Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. Complete this question by entering your answers in the tabs below. What are the amounts of encumbrances outstanding at year-end? Prepare a statement of revenues, expenditures, and changes in fund balance for the Gener for the prior year. repare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year Step by Step Solution
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