Question
West Chester County's General Fund had the following account balances at June 30, 2022. Sales tax revenues $6,000,000 Property tax revenues 5,000,000 Expenditurescounty sheriff 3,750,000
West Chester County's General Fund had the following account balances at June 30, 2022. Sales tax revenues $6,000,000 Property tax revenues 5,000,000 Expenditurescounty sheriff 3,750,000 Expendituresall other departments 6,500,000 Fund balance, July 1, 2021 750,000 Transfer out to Debt Service Fund 500,000 Transfer in from Special Revenue Fund 250,000 Prepare West Chester Countys General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2022. Enter revenues, expenditures, and other financing sources (uses) in order of magnitude (largest to smallest).
Prepare West Chester County's General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2022. Enter revenues, expenditures, and other financing sources (uses) in order of magnitude (largest to smallest)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started