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The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below. 3. The year-end pre-closing trial balance for the
The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below.
3.
The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below. Debits Credits Cash Grant Receivables Investments Contract Payable $ 831,000 540,000 1,000,000 $1,110,500 63,500 1,475,000 647,000 contract Payable Retained Percentage Encumbrances Outstanding Revenues Encumbrances Construction Expenditures 1,475,000 3, 850,000 4,400.000 $7,696,000 $7,696,000 other Financing Sources-Proceeds of Bonds4 Required Required a. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital projects fund. CHANCE COUNTY Woodland Park Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year End Revenues Expenditures Construction Expenditures Excess of Revenues Over (Under) Expenditures Other Financing Sources: Proceeds of Bonds Excess of Revenues and Other Financing Sources/Uses Over Expenditures Fund Balances, Beginning Fund Balances, EndingStep by Step Solution
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