Question
The adjusted trial balance for White River for the fiscal year ended June 30, 20X9, is presented below. Debits Credits Cash $ 151,000 Property Taxes
The adjusted trial balance for White River for the fiscal year ended June 30, 20X9, is
presented below. |
Debits |
Credits |
Cash | $ 151,000 |
|
Property Taxes Receivable-Delinquent | 20,000 |
|
Allowance for Uncollectible Taxes-Delinquent |
| $ 15,000 |
Inventory of Supplies Vouchers Payable | 52,000 |
60,000 |
Due to Internal Service Fund |
| 2,000 |
Fund Balance-Assigned for Inventories |
| 2,000 |
Fund Balance-Assigned for Encumbrances |
| 12,000 |
Fund Balance-Unassigned |
| 6,000 |
Expenditures | 718,000 |
|
Transfer Out to Internal Service Fund Property Taxes Revenues | 30,000 |
785,000 |
Fine and License Revenues |
| 99,000 |
Estimated Revenues Control Estimated Transfer Out to Internal Service Fund | 800,000 |
30,000 |
Appropriations Control |
| 750,000 |
Budgetary Fund Balance-Unassigned |
| 101000 |
Totals | $1,771,000 | $1,771,000 |
Required:
- Prepare a statement of revenues, expenditures, and changed in fund balance for White River for the year ended June 30, 20X9. Assume there were no supplies or outstanding encumbrances at the beginning of the year.
- Prepare a balance sheet for White River at June 30, 20X9.
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