Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
The following General Fund Information is available for the preparation of the financial statements for the City of Eastern Shores for the year ended September
The following General Fund Information is available for the preparation of the financial statements for the City of Eastern Shores for the year ended September 30, 2020: $27.022.000 13,319.000 1,327,000 1,724.000 2.370,000 650.000 Revenues Property taxes Sales taxes Fees and in Licenses and permits Intergovernmental Investment earnings Expenditures: Currenti General government Publie safety Publie works Health and sanitation Culture and recreation Transfer to capital project fund special to proceeds from wale of land Fund balance, October 1, 2019 11,727,000 24,446,000 6.213,000 1,166,000 2,157.000 1,123,000 625,000 1,014,000 From the information given above, prepare a General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the City of Eastern Shores General Fund for the year ended September 30, 2020 (Negative entries should be entered with a minus sign and will appear in parenthesis.) Revenues: Total Revenues Expenditures: Current: Total Expenditures Excess of Revenues Over Expenditures Other Financing Sources (Uses): Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance, Beginning of Year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started