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Need help with the t accounts for the fund balance preclosing and closing. No Transaction General Journal Debit Credit 1 0 1 Estimated Revenues Control
Need help with the t accounts for the fund balance preclosing and closing. No Transaction General Journal Debit Credit
Estimated Revenues Control
Appropriations Control
Estimated Other Financing Uses Control
Encumbrances Control
Budgetary Fund BalanceReserve for Encumbrances
Deferred InflowsProperty Taxes
Revenues Control
Taxes ReceivableCurrent
Estimated Uncollectible Taxes
Revenues Control
Cash
Tax Anticipation Notes Payable
a Budgetary Fund BalanceReserve for Encumbrances
Encumbrances Control
b Expenditures Control
Accounts Payable
Accounts Payable
Due to Other Funds
Cash
Cash
Taxes ReceivablePrior year
Interest and Penalties Receivable
Taxes ReceivableCurrent
Due from State Government
Revenues Control
Encumbrances Control
Budgetary Fund BalanceReserve for Encumbrances
Expenditures Control
Due to Federal Government
Cash
Expenditures Control
Due to State Government
Due to Federal Government
a Budgetary Fund BalanceReserve for Encumbrances
Encumbrances Control
b Expenditures Control
Accounts Payable
Tax Anticipation Notes Payable
Expenditures Control
Cash
Due from State Government
Revenues Control
a Expenditures Control
Due to Other Funds
b Due to Other Funds
Cash
Due from State Government
Revenues Control
Accounts Payable
Due to State Government
Due to Federal Government
Other Financing UsesControl
Cash
Estimated Revenues Control
Budgetary Fund Balance
Appropriations Control
a Estimated Uncollectible Taxes
Taxes ReceivableCurrent
b Estimated Uncollectible Interest & Penalties
Interest and Penalties Receivable
Interest and Penalties Receivable
Estimated Uncollectible Interest & Penalties
Revenues Control
Revenues Control
Deferred InflowsProperty Taxes The Balance Sheet of the General Fund of the City of Monroe as of December follow.
CITY OF MONROE
General Fund Balance Sheet
As of December
Assets
Cash $
Taxes receivable $
Less: Estimated uncollectible taxes
Net
Interest and penalties receivable on taxes
Less: Estimated uncollectible interest and penalties
Net
Due from state government
Total assets $
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $
Due to other funds
Total liabilities
Deferred inflows Property taxes
Fund equity:
Fund balanceassigned
for outstanding encumbrances $
Fund balanceunassigned
Total fund balance
Total liabilities, deferred inflows, and fund equity $
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