Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I need to do a balance sheet for the special revenue fund. kinda forgot how to do it. the book provides an unadjusted trial balance

I need to do a balance sheet for the special revenue fund. kinda forgot how to do it. the book provides an unadjusted trial balance

image text in transcribed

Debit Credit $ 14,000 41,000 4,000 Special Revenue Fund Cash Taxes Receivable Inventory of Supplies Vouchers Payable... Grant Revenues Collected in Advance. Fund Balance-Nonspendable.. Encumbrances Outstanding Fund Balance-Unassigned Revenues $ 25,000 3,000 4,000 3,000 19,000 56,000 48,000 3,000 75,000 Expenditures Encumbrances. Estimated Revenues. Appropriations. Budgetary Fund Balance. Totals. 60,000 15,000 $185,000 $185.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Governmental and Nonprofit Accounting

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

10th edition

132751267, 978-0132751261

Students also viewed these Accounting questions

Question

Is it eyewitness or hearsay evidence?

Answered: 1 week ago