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17-22 - P17-22 Journal entries for the General Fund 1...

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P17-22 Journal entries for the General Fund 1. ESTIMATED REVENUES CONTROL 150,000 APPROPRIATIONS CONTROL 125,000 ESTIMATED OTHER FINANCING USES – TRANSFER OUT TO DEBT SERVICE 20,000 BUDGETARY FUND BALANCE – UNRESTRICTED 5,000 2. Fund Balance – Reserved for Encumbrances 5,000 Fund Balance – Reserved for Encumbrances-20X2 5,000 Expenditures – 20X2 4,900 Vouchers Payable 4,900 3. Cash 8,000 Property Taxes Receivable – Delinquent 8,000 Cash 200 Revenues – Interest 200 Allowance for Uncollectible Property Taxes – Delinquent 2,000 Taxes Receivable – Delinquent 2,000 4. Property Taxes Receivable – Current 115,000 Allowance for Uncollectible Taxes – Current 2,300 Revenue – Property Tax 112,700 Cash 100,000 Property Taxes Receivable – Current 100,000 5. Cash 4,000 Revenue – Sales Tax 4,000 6. ENCUMBRANCES 45,000 BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 45,000 7. BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 45,000 ENCUMBRANCES 45,000 Expenditures 42,000 Vouchers Payable 42,000
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P17-22 (continued) 8. Cash 35,000 Revenue – Fines and Licenses 35,000 9. Expenditures 12,000
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