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18-15 - 90,000 Fund Expenditures 84,000 Contracts Payable...

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P18-15 Entries for Funds [AICPA Adapted] Fund Journal Entries 1. General ESTIMATED REVENUES CONTROL 695,000 Fund APPROPRIATIONS CONTROL 650,000 BUDGETARY FUND BALANCE – UNRESERVED 45,000 2. Special Taxes Receivable – Current 160,000 Revenue Allowance for Uncollectibles – Current 1,600 Fund Revenue – Taxes 158,400 3. General ENCUMBRANCES 2,390 Fund BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 2,390 BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 2,390 ENCUMBRANCES 2,390 Expenditures 2,500 Vouchers Payable 2,500 4. General Due to Other Funds 1,000 Fund Expenditures 40 Cash 1,040 Enterprise Cash 1,040 Fund Due from Other Funds 1,000 (Utility) Nonoperating Revenue 40 5. The contribution of land to the city is not recorded in any fund. Rather it is shown only on the government-wide financial statements as part of the assets, and a contribution to the city. 6. Capital Cash 90,000 Projects Other Financing Sources – Bond Issue
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Unformatted text preview: 90,000 Fund Expenditures 84,000 Contracts Payable 84,000 7. Private-Investments 32,000 Purpose Additions - Contributions 32,000 Trust Fund Cash 1,100 Additions - Investment Earnings 1,100 P18-15 (continued) Fund Journal Entries 8. Capital Cash 308,000 Projects Other Financing Sources – Bond Issue 300,000 Fund Other Financing Sources – Bond Premium 8,000 Other Financing Uses – Transfer Out to Debt Service Fund 8,000 Cash 8,000 Debt Cash 8,000 Service Other Financing Sources – Transfer Fund In from Capital Projects Fund 8,000 Capital ENCUMBRANCES 300,000 Projects BUDGETARY FUND BALANCE – RESERVED Fund FOR ENCUMBRANCES 300,000 BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 300,000 ENCUMBRANCES 300,000 Expenditures 297,000 Cash 297,000...
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