Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

The preclosing account balances of the general fund of the City of Batavia on June 30, 2015, were a follows: Debits Cash 80000 taxes recievable - deliquent 160000 due from county 18000 estimated revenues 1000000 expenditures 940000 nonreciprocal transfers out 10000 encumbrances 20000 2228000 Credits allowance for uncollectible taxes - deliquent 30000 vouchers payable 58000 notes payable 60000 reserve for encumbrances 20000 fund balance - unassigned 120000 revenues 980000 appropriation 960000 2228000 The fund balance - unassigned at the beginning of the year was $80,000, and there were no carryover encumbrances at the beginning of the fiscal year. The end of year encumbrances are a result of enabling legislation. 1. Prepare a statement of revenues, expenditures, and changes in total fund balance for the year ended June 30, 2015. 2. Prepare a general fund balance sheet at June 30, 2015.

Sagot :

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.