Tater 2 Angracion The Town of Tyler approved the following general fund budget for the fiscal yeary 1, 2011. 0 9 .2012 TOWN OF TYLER GENERAL FUND BUDGET SUMMARY FOR THE YEAR JULY 1, 2011 TO JUNE 30, 2012 TOWN OF TYLER GENERAL FUND BUDGET SUMMARY FOR THE YEAR JULY 1, 2011 TO JUNE 30, 2012 Budgeted increme in lund balance Theater-closing trial balance of the Town of Tyler general fund at June 30, 2011, shows the following ledger account balances Note payable soterm Fudbalance-comed Fund balance- spendable 1. Prepare journal entries and account balances to record the budget and each of the following transactions a The treasure of Trends of property tax of 200.000 Current property of 78.000 and press of $14.000 c. A specife property tax $1.000) is determined to be uncolle d Fees in the more of 20000 are colected for hunting The payroll for salaries of $20,000 vouchered for payment Playground equipment expected to cost $15.000 is andered $14.000 Terceived equipment that had been ordered in the previous ca year. The actual coat was $9.500 Supplies in the amount of $19.000 ordered By parend only SSO woods has ved The role payable that was outstanding of June 30, 2011, becomes de and a paid 2 Various expenditures are paid to the year roing 5348,000 m Supplies in the word .000 are on and a rend Assume that collected on June 30, 2011, are post de a Closing ones are made 2. Prepare alle 4 a budgetary comparison w ent to the Tyler general fund. Tater 2 Angracion The Town of Tyler approved the following general fund budget for the fiscal yeary 1, 2011. 0 9 .2012 TOWN OF TYLER GENERAL FUND BUDGET SUMMARY FOR THE YEAR JULY 1, 2011 TO JUNE 30, 2012 TOWN OF TYLER GENERAL FUND BUDGET SUMMARY FOR THE YEAR JULY 1, 2011 TO JUNE 30, 2012 Budgeted increme in lund balance Theater-closing trial balance of the Town of Tyler general fund at June 30, 2011, shows the following ledger account balances Note payable soterm Fudbalance-comed Fund balance- spendable 1. Prepare journal entries and account balances to record the budget and each of the following transactions a The treasure of Trends of property tax of 200.000 Current property of 78.000 and press of $14.000 c. A specife property tax $1.000) is determined to be uncolle d Fees in the more of 20000 are colected for hunting The payroll for salaries of $20,000 vouchered for payment Playground equipment expected to cost $15.000 is andered $14.000 Terceived equipment that had been ordered in the previous ca year. The actual coat was $9.500 Supplies in the amount of $19.000 ordered By parend only SSO woods has ved The role payable that was outstanding of June 30, 2011, becomes de and a paid 2 Various expenditures are paid to the year roing 5348,000 m Supplies in the word .000 are on and a rend Assume that collected on June 30, 2011, are post de a Closing ones are made 2. Prepare alle 4 a budgetary comparison w ent to the Tyler general fund
