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Using the following pre-closing trial balance for Hayes City's general fund as of June 30, 2016, answer the questions that follow: Cash Taxes Receivable-Current Estimated
Using the following pre-closing trial balance for Hayes City's general fund as of June 30, 2016, answer the questions that follow: Cash Taxes Receivable-Current Estimated Uncollectible Current Taxes Accounts Payable Due to Other Funds Tax Anticipation Notes Payable Encumbrances Outstanding Fund Balance Estimated Revenues Revenues Appropriations Encumbrances Expenditures Totals Debits Credits 261,400 888,500 62,000 325,700 16,000 520,000 112,000 122,500 1,556,200 1,457,300 1,551,600 112,000 1,349,000 4,167,100 4,167,100 a.) After all closing entries are made on June 30, 2016, what is the amount in Fund Balance? Show calculations, T accounts for fund Balance, or closing journal entries. b.) What was the ending Fund Balance at June 30, 2015? Show calculations, T accounts for fund balance or closing journal entries. Using the following pre-closing trial balance for Hayes City's general fund as of June 30, 2016, answer the questions that follow: Cash Taxes Receivable-Current Estimated Uncollectible Current Taxes Accounts Payable Due to Other Funds Tax Anticipation Notes Payable Encumbrances Outstanding Fund Balance Estimated Revenues Revenues Appropriations Encumbrances Expenditures Totals Debits Credits 261,400 888,500 62,000 325,700 16,000 520,000 112,000 122,500 1,556,200 1,457,300 1,551,600 112,000 1,349,000 4,167,100 4,167,100 a.) After all closing entries are made on June 30, 2016, what is the amount in Fund Balance? Show calculations, T accounts for fund Balance, or closing journal entries. b.) What was the ending Fund Balance at June 30, 2015? Show calculations, T accounts for fund balance or closing journal entries
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