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I need help with A- 17 and 18. and B. thank you The City of Castleton's General Fund had the following post-closing trial balance at

I need help with A- 17 and 18. and B. thank you

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The City of Castleton's General Fund had the following post-closing trial balance at June 30,2022, the end of its fiscal year: a. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023. b. Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. c. Prepare a General Fund balance sheet as of June 30, 2023. d. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2023. Complete this question by entering your answers in the tabs below. Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. (If no entry required for a transaction/event, select "No Journal Entry Required" in the first account field.) 17. All unpaid current year's property taxes became delinquent. The balances of the current taxes receivable and related uncollectibles were transferred to delinquent accounts. The City uses the 60-day rule for all revenues and does not expect to collect any delinquent property taxes or interest and penalties in the first 60 days of the next fiscal year. \begin{tabular}{|c|c|c|c|} \hline \multirow[t]{2}{*}{17a} & \multirow[t]{2}{*}{ General Fund } & \multicolumn{2}{|l|}{ Record the reclassification of the unpaid property taxes of current year. } \\ \hline & & Taxes Receivable-Delinquent & \\ \hline & & Taxes Receivable-Current & \\ \hline \multirow[t]{3}{*}{176} & & \multicolumn{2}{|c|}{ Record the reclassification of the related allowance for estimated uncollectible property taxes of current year. } \\ \hline & & Allowance for Uncollectible Current Taxes & \\ \hline & & Allowance for Uncollectible Delinquent Taxes & \\ \hline \multirow[t]{3}{*}{17c} & & Record the reclassification of the property tax revenue of current year. & \\ \hline & & Revenues & \\ \hline & & Deferred Inflows of Resources_Unavailable Revenues & \\ \hline \multirow[t]{3}{*}{17d} & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & \multicolumn{2}{|l|}{ Record the reclassification of the unpaid property taxes of current year. } \\ \hline & & Taxes Receivable-Delinquent & \\ \hline & & Taxes Receivable-Current & \\ \hline \multirow[t]{3}{*}{17e} & & \multicolumn{2}{|c|}{ Record the reclassification of the related allowance for estimated uncollectible property taxes of current year. } \\ \hline & & Allowance for Uncollectible Current Taxes & \\ \hline & & Allowance for Uncollectible Delinquent Taxes & \\ \hline \multirow[t]{2}{*}{17f} & & Record the reclassification of the property tax revenue of current year. & \\ \hline & & No Journal Entry Required & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 18. A physical inventory of materials and supplies at June 30,2023 , showed a total of $19,700. Inventory is recorded using the purchases method in the General Fund; the consumption method is used at the government-wide level. (Note: A periodic inventory system is used both in the General Fund and at the government-wide level. When inventory was purchased during the year, Expenditures were debited in the General Fund journal and Inventory of Supplies was debited in the governmental activities journal.) \begin{tabular}{|l|l|l|l|l|} \hline 18 & General Fund & Inventory of Supplies & & \\ \hline & & Fund Balance-Nonspendable-Inventory of Supplies & & \\ \hline & & & & \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & No Journal Entry Required & & \\ \hline \end{tabular} 7. Because of a change in state law, the city was notified that it will receive $86,000 less in intergovernmental revenues than was budgeted. \begin{tabular}{|l|l|l|c|c|} \hline 7 & General Fund & Budgetary Fund Balance & 86,000 & \\ \hline & & Estimated Revenues & \\ \hline & & & & \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & No Journal Entry Required & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} 8. Delinquent taxes of $13,092 were deemed uncollectible and written off. The associated interest and penalties of $982 also were written off. \begin{tabular}{|c|c|c|c|c|c|} \hline 8 & General Fund & Allowance for Uncollectible Delinquent Taxes & & 13,092 & \\ \hline & & Allowance for Uncollectible Interest and Penalties & 2 & 982 & \\ \hline & & Taxes Receivable-Delinquent & 2 & & 13,092 \\ \hline & & Interest and Penalties Receivable & 2 & & 9820 \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & Allowance for Uncollectible Delinquent Taxes & 2 & 13,092 & \\ \hline & & Allowance for Uncollectible Interest and Penalties & 2 & 982 & \\ \hline & & Taxes Receivable-Delinquent & & & 13,092 \\ \hline & & Interest and Penalties Receivable & & & 982 \\ \hline \multicolumn{6}{|c|}{\begin{tabular}{l} 9. Total payroll during the year was $849,490. Of that amount, $64,990 was withheld for employees' FICA tax liability, $106,710 for employees' federal \\ income tax liability, and $34,700 for state taxes; the balance was paid to employees in cash. \end{tabular}} \\ \hline \multirow[t]{8}{*}{9} & General Fund & Expenditures & 2 & 849,490 & \\ \hline & & Due to Federal Government & 2 & & 171,700 \\ \hline & & Due to State Government & 2 & & 34,700 \\ \hline & & Cash & 2 & & 643,090 \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & Expenses & ( & 849,490 & \\ \hline & & Due to Federal Government & 2 & & 171,700 \\ \hline & & Due to State Government & 2 & & 34,700 \\ \hline & & Cash & & & 643,090 \\ \hline \multicolumn{6}{|c|}{ 10. The employer's FICA tax liability was recorded for $64,990. } \\ \hline \multirow[t]{4}{*}{10} & General Fund & Expenditures & & 64,990 & \\ \hline & & Due to Federal Government & 2 & & 64,990 \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & Expenses & 2 & 64,990 & \\ \hline & & Due to Federal Government & 2 & & 64,990 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} 11. Cash collections from sales taxes totaled $828,000 and from revenue sources other than taxes were $113,000. In addition, sales taxes receivable due \\ July 1 were accrued in the amount of $12,300. \end{tabular}} \\ \hline \multirow[t]{6}{*}{11} & General Fund & Cash & 841,000 & \\ \hline & & Sales Taxes Receivable & 12,300 & \\ \hline & & Revenues & & 953,300 \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & Cash & 941,000 & \\ \hline & & Sales Taxes Receivable & 12,300 & \\ \hline & & Revenues & & 953,300 \\ \hline \multicolumn{5}{|c|}{\begin{tabular}{l} 12. Amounts due to the federal government as of June 30,2023 , and amounts due for FICA taxes and state and federal withholding taxes during the year \\ were vouchered. \end{tabular}} \\ \hline \multirow[t]{6}{*}{12} & General Fund & Due to Federal Government & & \\ \hline & & Due to State Government & 34,700 & \\ \hline & & Vouchers Payable & & \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & Due to Federal Government & & \\ \hline & & Due to State Government & 34,700 & \\ \hline & & Vouchers Payable & & \\ \hline \multicolumn{5}{|c|}{ 13. Purchase orders and contracts encumbered in the amount of $2,018,040 were filled at a net cost of $2,017,570, which was vouchered. } \\ \hline \multirow[t]{3}{*}{13a} & General Fund & Record the reversal of encumbrances entry of 2023. & & \\ \hline & & Encumbrances Outstanding & 2,018,040 & \\ \hline & & Encumbrances & & 2,018,040 \\ \hline \multirow[t]{3}{*}{13b} & & \multicolumn{3}{|l|}{ Record the receipt of vouchers for the purchase orders and contracts encumbered for 2023.} \\ \hline & & Expenditures & 2,017,570 & \\ \hline & & Vouchers Payable & & 2,017,570 \\ \hline \multirow[t]{3}{*}{13c} & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & \multicolumn{3}{|l|}{ Record the receipt of vouchers for the purchase orders and contracts encumbered for 2023.} \\ \hline & & Expenses & 2,017,570 & \\ \hline & & Vouchers Payable & & 2,017,570 \\ \hline \end{tabular} Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30,2023 . Avoid use of function d. (If no

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