Question
The following information was abstracted from the accounts of the General Fund of the City of Rome after the books had been closed for
The following information was abstracted from the accounts of the General Fund of the City of Rome after the books had been closed for the fiscal year ended June 30, 2020. Cash Taxes Receivable Postclosing Trial Balance June 30, 2019 Transactions July 1, 2019, to June 30, 2020 Debits $1,286,000 1,326,800 Credits $1,321,200 Postolosing Trial Balance June 30, 2020 $465,000 64,200 Allowance for Uncollectible Taxes Accounts Payable Fund Balance $500,200 29,000 1,291,600 $529,200 $529,200 5,600 93,600 5,600 1,307,800 430,000 $529,200 7,400 1,287,000 19,000 7,400 72,800 449,000 $529,200 There were no transfers into the General Fund, but there was one transfer out. Prepare journal entries to record the transactions for the fiscal year ended June 30, 2020. Include closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list
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