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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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