problem A.

1. show thr followomg entries: receipt of license fees fro $2000

2. incur salary expanse of $10000

3.

Problem A: 1. Show the following entries: receipt of license fees for $2,000 2. Incur salary expense of $10,000 3. The assigned fund balance represents a prior year encumbrance. Bill is now received related to this for $9,500 use the following to create Statement of Revenues, Expenditures & Changes in Fund Balances as well as Statement of Financial Position. Is the actual over or under budget? What is the remaining spending authority? Cash Prop Taxes Receivable Allowance for Uncollectible Taxes Vouchers Payable Due from Internal Service Fund Fund Balance, Assigned Debits Credits 8,000 31,000 2,000 3,000 8,000 12,000 Fund Balance, Unassigned Expenditures Fine Revenue 38,000 420,000 25,000 Transfer from Internal Service Fund 22,000 Prop Tax Revenues 365,000 APPROPRIATIONS CONTROL 510,000 ESTIMATED REVENUE CONTROL 500,000 ESTIMATED TRANSFER IN FROM INTERNAL SVC 30,000 FUND BUDGETARY FUND BALANCE, UNASSIGNED 20,000 Totals 997,000 997,000 Steps: A. Post entries