Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following General Fund information is available for the preparation of the financial statements for the year ended September 30, 2020: $ 27,310,000 13,443,000 1,452,000

image text in transcribed
The following General Fund information is available for the preparation of the financial statements for the year ended September 30, 2020: $ 27,310,000 13,443,000 1,452,000 1,850,000 2,495,000 781,000 Revenues : Property taxes Sales taxes Fees and fines Licenses and permits Intergovernmental Investment earnings Expenditures: Current: General government Public safety Publie works Health and sanitation Culture and recreation Transfer to capital project fund Special item-proceeds from sale of land Fund balance, October 1, 2019 11,755,000 24,475,000 6,243,000 1,195,000 2,187,000 1,151,000 855,000 1,843,000 From the information given above, prepare a General Fund Statement of Revenues, Expenditures, and Change the City of Eastern Shores General Fund for the year ended September 30, 2020. (Negative entries should be sign and will appear in parenthesis.) CITY OF EASTERN SHORES General Fund Statements of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended September 30, 2020

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

Connect For Financial Accounting Fundamentals

Authors: Author

8th Edition

126411169X, 9781264111695

More Books

Students also viewed these Accounting questions