Prepare journal entries to record the following transactions of the State of Missouri, identifying the funds affected bt each transaction.
Journal Transactions Prepare journal entries to record the following transactions of the state of Missouri, identifying the finds affected by each transaction. Record journal entries for all funds affected. The following are estimated revenues for the AOZ Special Revenue fund of the State of Missouri, Esitmated appropriations for Technology is expected to be $180,000. Please provide the budgetary entry required. $175,000 2,000 Taxes Interest and penalties Fines and foes.. Permits 700 300 Animal licenses 900 500 Reats. Other licenses Interest 3.500 1,000 S183.900 $100,000 of General Fund cash was contributed to establish a new Internal Service Fund 33 8 D 5 b $100,000 of General Fund cash was contributed to establish a new Internal Service Fund The following are revenues for the AOZ Special Revenue fund of the State of Missouri. Actual collections were made during the year for all but 20,000 of the taxes. Those taxes are not expected to be made until 90 days after year end. Taxes Interest and penalties Fines and fees. Permits Animal licenses Rents Other licenses $90,000 1.000 50 140 0 45 2.000 $94.035 6 7 d 9 General city payroll was approved and paid $1,630,000 Materials and supples were purchased for the Fire Department on account, $13,200 The General Fund was billed S700 by the Electric Utility Enterprise fund for electricity for the month General Fund cash of $50,000. to be repaid in 90 days. was provided to enable construction to begin a new technology center 3 10 11 12 13 Problemi 1 Journals Prob .2- Financials Prob #3 - Financials B D 14 15 Ref Fund Account Title Debit Credit 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 32 33 34 35 Problem 1 Journals Prob #2 Financials Prob #3- Financials Ready Journal Transactions Prepare journal entries to record the following transactions of the state of Missouri, identifying the finds affected by each transaction. Record journal entries for all funds affected. The following are estimated revenues for the AOZ Special Revenue fund of the State of Missouri, Esitmated appropriations for Technology is expected to be $180,000. Please provide the budgetary entry required. $175,000 2,000 Taxes Interest and penalties Fines and foes.. Permits 700 300 Animal licenses 900 500 Reats. Other licenses Interest 3.500 1,000 S183.900 $100,000 of General Fund cash was contributed to establish a new Internal Service Fund 33 8 D 5 b $100,000 of General Fund cash was contributed to establish a new Internal Service Fund The following are revenues for the AOZ Special Revenue fund of the State of Missouri. Actual collections were made during the year for all but 20,000 of the taxes. Those taxes are not expected to be made until 90 days after year end. Taxes Interest and penalties Fines and fees. Permits Animal licenses Rents Other licenses $90,000 1.000 50 140 0 45 2.000 $94.035 6 7 d 9 General city payroll was approved and paid $1,630,000 Materials and supples were purchased for the Fire Department on account, $13,200 The General Fund was billed S700 by the Electric Utility Enterprise fund for electricity for the month General Fund cash of $50,000. to be repaid in 90 days. was provided to enable construction to begin a new technology center 3 10 11 12 13 Problemi 1 Journals Prob .2- Financials Prob #3 - Financials B D 14 15 Ref Fund Account Title Debit Credit 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 32 33 34 35 Problem 1 Journals Prob #2 Financials Prob #3- Financials Ready