Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following adjusted trial balance is taken from the General Fund of the Pineapple City for the year ended June 30. Prepare a (post-closing) Balance

The following adjusted trial balance is taken from the General Fund of the Pineapple City for the year ended June 30. Prepare a (post-closing) Balance Sheet.

Allowance for uncollectible taxes 1,000

Cash 64,000

Due from capital projects fund 18,000

Due to debt service fund 12,000

Encumbrances 8,000

Encumbrances outstanding 8,000

Expenditures 55,000

Fund Balance, nonspendable 3,000

Fund Balance, unassigned 10,000

Inventory of supplies 3,000

Other financing sources -- bond proceeds 8,000

Other financing uses -- transfers out 3,000

Revenues 90,000

Taxes Receivable 10,000

Unearned grant Revenues 16,000

Vouchers Payable 13,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk Based Management Led Audit Driven Safety Management Systems

Authors: Ron C. McKinnon

1st Edition

1498767923, 978-1498767927

More Books

Students also viewed these Accounting questions

Question

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

Describe the advantages of effective listening.

Answered: 1 week ago

Question

Prepare an employment application.

Answered: 1 week ago