Question
Working on the City of Smithville Short version. I need the journal entries to enter the balance sheet accounts and amounts based on the trial
Working on the City of Smithville Short version. I need the journal entries to enter the balance sheet accounts and amounts based on the trial balance shown below ASAP please. Thank you for your help.
CITY OF SMITHVILLE General Fund Post-closing Trial Balance As of December 31, 2019 General Ledger
Account Title | Debits | Credits |
Cash | $376,290 | |
Taxes ReceivableDelinquent | 391,756 | |
Allowance for Uncollectible Delinquent Taxes | $11,752 | |
Interest and Penalties Receivable on Taxes | 40,126 | |
Allowance for Uncollectible Interest and Penalties | 3,611 | |
Due from State Government | 165,000 | |
Vouchers Payable | 269,491 | |
Due to Federal Government | 135,720 | |
Due to State Government | 32,600 | |
Deferred Inflows of Resources | 97,704 | |
Fund BalanceCommittedPublic Works | 29,700 | |
Fund BalanceAssignedCulture and Recreation | 56,800 | |
Fund BalanceUnassigned | 335,794 | |
Totals | $973,172 | $973,172 |
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