Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need journal entries for following transactions Other unencumbered expenditures incurred during the year were vouchered as follows: General government General Government 11,420 Public Safety
I need journal entries for following transactions
Other unencumbered expenditures incurred during the year were vouchered as follows: General government
General Government 11,420
Public Safety 41,280
Total 52,700
- The General Fund loaned $500,000 to the Addiction Prevention Special Revenue Fund to provide working capital for that fund. The loan is to be repaid within a year.
- The General Fund transferred resources to other funds as follows:
Addiction Prevention Special Revenue Fund 60,000
Parks and Recreation Capital Projects Fund 200,000
Bridge Capital Projects Fund 70,000
Refunding Debt Service Fund 729,965
Total 1,059,965
- The General Fund received a transfer of $100,000 from the Water and Sewer Enterprise Fund.
- Accrued salaries and wages for General Fund employees at December 31 were as follows: General government 1,800
Public Safety 5,800
Highways and streets 1,750
Health and sanitation 1,500
Parks and recreation 2,200
Total 13,050
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started