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Need help with part D only please! Part D here, the information to solve it is below. The City of Castletons General Fund had the
Need help with part D only please! Part D here, the information to solve it is below.
The City of Castletons General Fund had the following post-closing trial balance at June 30, 2022, the end of its fiscal year:
DebitsCreditsCash$438,000Sales Taxes Receivable19,000Taxes ReceivableDelinquent591,000Allowance for Uncollectible Delinquent Taxes$197,000Interest and Penalties Receivable27,080Allowance for Uncollectible Interest and Penalties11,960Inventory of Supplies16,900Vouchers Payable156,500Due to Federal Government67,490Deferred Inflows of ResourcesUnavailable Revenues438,000Fund BalanceNonspendableInventory of Supplies16,900Fund BalanceUnassigned204,130$1,091,980$1,091,980- Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023.
- Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only.
- Prepare a General Fund balance sheet as of June 30, 2023.
- Part D. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2023.
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