Please help me wth this question , the template is attached below, thank you
6. The April 1, 2020 balance sheet for the general fund of ABC County appears below. Cash Taxes receivable Total assets ABC COUNTY General Fund Balance Sheet April 1, 2020 $45,000 Accounts payable 10.000 Fund balanceunassigned $55,000 Total liabilities and fund balance $26,000 29.000 $55.000 a. The county has a March 31 year-end. Transactions for the county during fiscal year ended 3/31/2021 were as follows: The town council approved the following budget: a-1 Estimated revenues of $800,000 in property taxes a-2 Estimated $150,000 in fees and service charges a-3 Authorized expenditures of $945,000. b. The property taxes were accrued. Uncollectible taxes are considered negligible. Taxes of $9,800 were collected from last year. Taxes of $798,000 of this year's taxes were collected. Uncollected taxes from last year were written off. The remaining uncollected taxes from this year are expected to be collected within 60 days of fiscal year-end. g. Expenditures were $942,000. h. Purchase orders of $500 were outstanding at fiscal year-end. The accounts payable balance at March 31, 2021 was $27,000. (Hint: recognize that payables were paid in cash.] j. Fees and service revenues of $146,500 were collected in cash. C. d. e. f. i. Using the attached T-account template; prepare the journal entries to record the budget and transactions for fiscal 2021. prepare closing entries for fiscal 2021. compute the unassigned fund balance at March 31, 2021 and, if necessary, make an adjusting entry. No. 6 GENERAL FUND ASSETS = Current Assets + LIABILITIES Current Liabilities Budget Assigned FUND BALANCE Unassigned Nonspendable Restricted Committed 6. The April 1, 2020 balance sheet for the general fund of ABC County appears below. Cash Taxes receivable Total assets ABC COUNTY General Fund Balance Sheet April 1, 2020 $45,000 Accounts payable 10.000 Fund balanceunassigned $55,000 Total liabilities and fund balance $26,000 29.000 $55.000 a. The county has a March 31 year-end. Transactions for the county during fiscal year ended 3/31/2021 were as follows: The town council approved the following budget: a-1 Estimated revenues of $800,000 in property taxes a-2 Estimated $150,000 in fees and service charges a-3 Authorized expenditures of $945,000. b. The property taxes were accrued. Uncollectible taxes are considered negligible. Taxes of $9,800 were collected from last year. Taxes of $798,000 of this year's taxes were collected. Uncollected taxes from last year were written off. The remaining uncollected taxes from this year are expected to be collected within 60 days of fiscal year-end. g. Expenditures were $942,000. h. Purchase orders of $500 were outstanding at fiscal year-end. The accounts payable balance at March 31, 2021 was $27,000. (Hint: recognize that payables were paid in cash.] j. Fees and service revenues of $146,500 were collected in cash. C. d. e. f. i. Using the attached T-account template; prepare the journal entries to record the budget and transactions for fiscal 2021. prepare closing entries for fiscal 2021. compute the unassigned fund balance at March 31, 2021 and, if necessary, make an adjusting entry. No. 6 GENERAL FUND ASSETS = Current Assets + LIABILITIES Current Liabilities Budget Assigned FUND BALANCE Unassigned Nonspendable Restricted Committed
