The City of Smithville just implemented a dual-track computerized accounting system, which provides files for general journal entries and posting to appropriate general ledger/subsidiary ledger accounts. Budgetary, operating statement, and balance sheet accounts are provided for the General Fundand the other governmental fund types. Operating statement accounts and balance sheet accounts are also provided for governmental activities at the government-wide level. As the citys new accountant, it is your job to enter the citys initial journal entry accounting information as of December 31, 2016, in preparation for placing the new accounting system in full operation effective January 1, 2017.

CITY OF SMITHVILLE

General Fund Post-closing Trial Balance

As of December 31, 2016

General Ledger

Account Title Debits Credits

Cash $ 194,660

Taxes ReceivableDelinquent 258,906

Allowance for UncollectibleDelinquent Taxes $ 57,800

Interest and Penalties Receivable on Taxes 40,110

Allowance for Uncollectible Interest and Penalties 11,726

Due from State Government 165,000

Vouchers Payable 136,027

Fund BalanceRestrictedPublic Safety 15,000

Fund BalanceCommittedPublic Works 29,700

Fund BalanceAssignedCulture and Recreation 56,800

Fund BalanceUnassigned 351,623

Totals $ 658,676 $ 658,676

CITY OF SMITHVILLE

Governmental Activities Government-wide Level

Post-closing Trial Balance

As of December 31, 2016

General Ledger

Account Title Debits Credits

Cash $ 194,660

Taxes ReceivableDelinquent 258,906

Allowance for Uncollectible Delinquent Taxes $ 57,800

Interest and Penalties Receivable on Taxes 40,110

Allowance for Uncollectible Interest and Penalties 11,726

Due from State Government 165,000

Land 4,180,000

Infrastructure 9,862,000

Accumulated DepreciationInfrastructure 2,713,944

Buildings 6,296,000

Accumulated DepreciationBuildings 1,731,000

Equipment 3,556,800

Accumulated DepreciationEquipment 1,765,480

Vouchers Payable 136,027

Net PositionNet Investment in Capital Assets 17,684,376

Net PositionRestricted for Public Safety 15,000

Net PositionUnrestricted 438,123

Totals $24,553,476 $24,553,476