The Village of Rodale keeps its governmental fund accounting records on a modified accrual basis. At the end of the fiscal year, the village accountant must convert the modified accrual information to accrual information to allow for preparation of the government-wide financial statements. Required Prepare modified accrual to accrual adjustments for all of the transactions identified. Some transactions may not be recorded under modified accrual; in such cases, the debit and credit adjustments affect only accrual accounts since the adjustments are reflected at the government-wide level only. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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Question 18 of 18 Total18 of 18

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