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# Transaction Account DR CR 1 Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000.
# | Transaction | Account | DR | CR |
1 | Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000. | |||
2 | The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013. | |||
3 | The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. | |||
Assume that it is Tax Year 2014. Complete the yellow area for the General Fund only. | ||||
Chart of Accounts for General Fund | ||||
Cash | ||||
Taxes ReceivableCurrent | ||||
Estimated Uncollectible Current Taxes | ||||
Taxes ReceivableDelinquent | ||||
Estimated Uncollectible Delinquent Taxes | ||||
Interest and Penalties Receivable on Taxes | ||||
Estimated Uncollectible Interest and Penalties | ||||
Due from Other Funds | ||||
Due from State Government | ||||
Inventory of Supplies | ||||
Vouchers Payable | ||||
Tax Anticipation Notes Payable | ||||
Due to Other Funds | ||||
Due to Federal Government | ||||
Due to State Government | ||||
Fund BalanceNonspendableInventory of Supplies | ||||
Fund BalanceRestrictedGeneral Government | ||||
Fund BalanceRestrictedPublic Safety | ||||
Fund BalanceRestrictedPublic Works | ||||
Fund BalanceRestrictedHealth and Welfare | ||||
Fund BalanceRestrictedCulture and Recreation | ||||
Fund BalanceCommittedGeneral Government | ||||
Fund BalanceCommittedPublic Safety | ||||
Fund BalanceCommittedPublic Works | ||||
Fund BalanceCommittedHealth and Welfare | ||||
Fund BalanceCommittedCulture and Recreation | ||||
Fund BalanceAssignedGeneral Government | ||||
Fund BalanceAssignedPublic Safety | ||||
Fund BalanceAssignedPublic Works | ||||
Fund BalanceAssignedHealth and Welfare | ||||
Fund BalanceAssignedCulture and Recreation | ||||
Fund BalanceUnassigned | ||||
Budgetary Fund Balance | ||||
Encumbrances Outstanding | ||||
Estimated Revenues | ||||
Revenues | ||||
Appropriations | ||||
Estimated Other Financing UsesInterfund Transfers Out | ||||
Expenditures | ||||
Other Financing UsesInterfund Transfers Out |
Complete required Journal Entries
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