what would be a journal entree for this transaction? thank you.
The City of Castleton's General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year Credits Debits $ 460,000 593,000 $ 173, 120 27,280 12,160 Cash Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable Allowance for Uncollectible Interest and Penalties Inventory of Supplies Vouchers Payable Due to Federal Government Deferred Inflows of Resources-Unavailable Revenues Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned 17,100 158,500 69,490 435,000 17,100 232,010 $1,097,380 $1,097,380 a. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 20 b. Record in general Journal form entries to close the budgetary and operating statement accounts in the General Fund only Do no close the governmental activities accounts c. Prepare a General Fund balance sheet as of June 30, 2020 d. Prepare a statement of revenues, expenditures, and changes in fund balance for the year ended June 30.2020 Do not prepare nuenmantra financial statemente 1 of 2 HIE Next > o to search 12. Amounts due the federal government as of June 30, 2020, and amounts due for FICA taxes and state and federal withholding taxes during the year were vouchered 12 General Fund Due to Federal Government Due from State Government Vouchers Payablo Governmental Activities notre of 2 087 570. which was vouchered The City of Castleton's General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year Credits Debits $ 460,000 593,000 $ 173, 120 27,280 12,160 Cash Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable Allowance for Uncollectible Interest and Penalties Inventory of Supplies Vouchers Payable Due to Federal Government Deferred Inflows of Resources-Unavailable Revenues Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned 17,100 158,500 69,490 435,000 17,100 232,010 $1,097,380 $1,097,380 a. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 20 b. Record in general Journal form entries to close the budgetary and operating statement accounts in the General Fund only Do no close the governmental activities accounts c. Prepare a General Fund balance sheet as of June 30, 2020 d. Prepare a statement of revenues, expenditures, and changes in fund balance for the year ended June 30.2020 Do not prepare nuenmantra financial statemente 1 of 2 HIE Next > o to search 12. Amounts due the federal government as of June 30, 2020, and amounts due for FICA taxes and state and federal withholding taxes during the year were vouchered 12 General Fund Due to Federal Government Due from State Government Vouchers Payablo Governmental Activities notre of 2 087 570. which was vouchered
