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PREPARE A STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR CITY OF COPELAND. PREPARE POST CLOSING BALANCE SHEET USING THE FOUR FUND BALANCES
PREPARE A STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR CITY OF COPELAND. PREPARE POST CLOSING BALANCE SHEET USING THE FOUR FUND BALANCES TOTAL OF FOUR BALANCE SHEETS. BE SURE TO PROVIDE FINANCIAL STATEMENTS AND NOT JUST POST CLOSING BALANCES. CHECK ALL CHANGES MADE TO ACCOUNT PRIOR TO PRESENT IN FINANCIAL STATEMENTS.
THIS IS WHAT IS ASKED OF THIS PROBLEM PLEASE GIVE AS MUCH DETAILED EXPLANATION AS POSSIBLE WOULD LIKE TO REALLY UNDERSTAND THIS PROBLEM.
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GENERAL FUNDS | DEBIT | CREDITS | |||
CASH | 19000 | ||||
TAX RECIEVABLE | 202000 | ||||
ALLOWANCE FOR UNCOLLECTIBLE TAXES | 2000 | ||||
VOUCHERS PAYABLE | 24000 | ||||
DUE TO DEBT SERVICE FUND | 10000 | ||||
UNAVAILABLE REVENUES | 16000 | ||||
ENCUMBRANCES OUTSTANDING | 9000 | ||||
FUND BALANCE-UNASSIGNED | 103000 | ||||
REVENUES | 176000 | ||||
EXPENDITURES | 110000 | ||||
ENCUMBRANCES OUTSTANDING | 9000 | ||||
ESTIMATED REVENUES | 190000 | ||||
APPROPRIATIONS | 171000 | ||||
BUDGERARY FUND BALANCE | 19000 | ||||
TOTAL | 530000 | 530000 |
DEBT SERVICE FUND | DEBIT | CREDIT | |||
CASH | 8000 | ||||
INVESTMENTS | 51000 | ||||
TAX RECEIVABLE | 11000 | ||||
DUE FROM GENERAL FUNDS | 10000 | ||||
FUND BALANCE COMMITMENT | 45000 | ||||
REVENUES | 20000 | ||||
OTHER FINANCING SOURCES | 90000 | ||||
OPERATING TRANSFERS IN | OPERATING TRANSFERS IN | 75000 | 155000 | ||
EXPENDITURES | |||||
TOTAL | 155000 | 155000 |
CAPITAL PROJECT FUND | DEBIT | CREDIT | |||
CASH | 70000 | ||||
SPECIAL ASSESSEMENTS RECEIVEBALE | 90000 | ||||
CONTRACTS PAYABLE | 50000 | ||||
UNAVAILABLE REVENUES | 90000 | ||||
ENCUMBRANCES OUTSTANDING | 16000 | ||||
FUND BALANCE-UNASSIGNED | 0 | ||||
OTHER FINANCING SOURCES | 150000 | ||||
EXPENDITURES | 130000 | ||||
ENCUMBRANCES | 16000 | ||||
ESTIMATED OTHER FINANCING SOURCES | 150000 | ||||
APPRECIATIONS | 456000 | 150000 | |||
TOTAL | 456000 | 456000 |
SPECIAL REVENUE FUND | DEBIT | CREDIT | ||||
CASH | 14000 | |||||
TAX RECIEVABLE | 41000 | |||||
INVENTORY OF SUPPLIES | 4000 | |||||
VOUCHERS PAYABLE | 25000 | |||||
GRANT REVENUES COLLECTED IN | IN ADVANCE | 3000 | ||||
FUND BALANCE- NONSPENDABLE | 4000 | |||||
ENCUMBRANCES OUTSTANDING | 3000 | |||||
FUND BALANCE-UNASSIGNED | 19000 | |||||
REVENUES | 56000 | |||||
EXPENDITURES | 48000 | |||||
ENCUMBRANCES | 3000 | |||||
ESTIMATED REVENUES | 75000 | |||||
APPROPRIATIONS | 60000 | |||||
BUDGETARY FUND BALANCE | 15000 | |||||
TOTAL | 185000 | 185000 |
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