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The finance director for the City of Green Falls printed the General Fund Revenues and Appropriations Ledgers shown below for the year just ended. The
The finance director for the City of Green Falls printed the General Fund Revenues and Appropriations Ledgers shown below for the year just ended.
The beginning-of-the-year fund balance was $158,960. Estimated and actual Other Financing Uses-Interfund Transfers Out totaled $50,700 Requlred a. From the ledger detail, reproduce the summary joumal entries recorded in the General Fund general journal to close the operating statement and budgetary accounts at the end of the year. b. What are the amounts of encumbrances outstanding at year-end? c. Prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of the City of Green Falls for the prior year. d. Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. Complete this question by entering your answers in the tabs below. From the ledger detail, reproduce the summary journal entries recorded in the General Fund general journal to close the operating statement and budgetary accounts at the end of the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) What are the amounts of encumbrances outstanding at year-end? ' "und of the City of Green Falls Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. The beginning-of-the-year fund balance was $158,960. Estimated and actual Other Financing Uses-Interfund Transfers Out totaled $50,700 Requlred a. From the ledger detail, reproduce the summary joumal entries recorded in the General Fund general journal to close the operating statement and budgetary accounts at the end of the year. b. What are the amounts of encumbrances outstanding at year-end? c. Prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of the City of Green Falls for the prior year. d. Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. Complete this question by entering your answers in the tabs below. From the ledger detail, reproduce the summary journal entries recorded in the General Fund general journal to close the operating statement and budgetary accounts at the end of the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) What are the amounts of encumbrances outstanding at year-end? ' "und of the City of Green Falls Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior yearStep by Step Solution
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