P17-6	Balance Sheet, Statement of Revenues, Expenditures, and Changes in Fund Balance
	Hunnington Townships adjusted trial balance for the General Fund at the close of its fiscal year ended June 30,
	2016, is presented here:
				Hunnington Township
				General Fund Trial Balance
				30-Jun-16
	Cash				$11,000
	Property Tax Receivablecurrent (Note 1)				82,000
	Estimated Uncollectible Taxescurrent					$1,500
	Property Tax Receivabledelinquent				25,000
	Estimated Uncollectible Taxesdelinquent					16,500
	Accounts Receivable (Note 1)				40,000
	Allowance for Uncollectible Accounts					4,000
	Due from Internal Service Fund (Note 5)				50,000
	Expenditures (Note 2)				755,000
	Encumbrances				37,000
	Revenue (Note 3)					60,000
	Due to Enterprise Fund (Note 5)					10,000
	Vouchers Payable					20,000
	Surplus Receipts (Note 4)					7,000
	Appropriations					720,000
	Fund BalanceAsssigned (Note 6)					81,000
	Fund BalanceUnasssigned					80,000
					$1,000,000	$1,000,000
	Note 1: The current tax roll and accounts receivable, recorded on the accrual basis as sources of revenue,
	amounted to $500,000 and $200,000, respectively.
	Note 2: Includes $42,500 paid during the fiscal year in settlement of all purchase orders outstanding at the
	beginning of the fiscal year
	Note 3: Represents the difference between the budgeted (estimated) revenue of $700,000 and the actual
	revenue realized during the fiscal year.
	Note 4: Represents the proceeds from the sale of equipment damaged by fire. The equipment originally
	cost $40,000 and had been held for 80% of its useful life prior to the fire.
	Note 5: The interfund payable and receivable resulted from cash advances (loans) to and from the respective
	funds.
	Note 6: Includes $44,000 of encumbrances from prior year.
	Required:
	A. Prepare a statement of revenues, expenditures, and changes in fund balance.
	B. Prepare a balance sheet for the General Fund at June 30, 2016. (AICPA adapted)