Chapter 5 setups - JOURNAL ENTRIES State Government Capital...

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JOURNAL ENTRIESState GovernmentCapital Project Fund Journal EntriesDecember 31, 2015Account TitleDebits Credits 1Encumbrances1,700,000 Budgetary Fund Balance - Reserve for encumbrances1,700,000 2Cash25,412,000 Taxes receivable2,550,000 Fuel tax revenues22,862,000 Taxes receivable3,105,000 Fuel tax revenues3,105,000 3Encumbrances29,000,000 Budgetary Fund Balance - Reserve for encumbrances29,000,000 4Capital expenditures28,900,000 Contracts payable28,900,000 Budgetary Fund Balance - Reserve for encumbrances28,900,000 Encumbrances28,900,000 5Contracts payable28,818,000 Cash28,818,000 State GovernmentDebt Service Fund Journal EntriesDecember 31, 2015Account TitleDebits Credits 6Cash5,300,000 Other financing sources - transfers in5,300,000 7Expenditure - bond interest3,400,000 Expenditure - bond principal1,800,000 Cash5,200,000 8Cash25,000,000 Other financing sources - bond refunding25,000,000 Other financing uses - bond refunding25,000,000 Cash25,000,000
STATE GOVERNMENTGeneral ledger CAPITAL PROJECTS FUND GENERAL LEDGER CASH TAXES RECEIVABLE CONTRACTS PAYABLE FUND BALANCE bb8,700,000 bb2,550,000 1,875,000 bb9,375,000 bb2 25,412,000 2,550,000 2 28,900,000 4 28,818,000 5 2 3,105,000 5 28,818,000 3,105,000 1,957,000 9,375,000 5,294,000 BUDGETARY FUND BALANCE - FUEL TAX CAPITAL RESERVE FOR ENCUMBRANCESENCUMBRANCES REVENUES EXPENDITURES 1,700,000 1 1 1,700,000 22,862,000 2 29,000,000 3 3 29,000,000 3,105,000 2 4 28,900,000 28,900,000 4 4 28,900,000 1,800,000 1,800,000 25,967,000 28,900,000 Total debit balances39,099,000

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