Exercise_5_14_template - JOURNAL ENTRIES State Government...

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JOURNAL ENTRIES State Government Capital Project Fund Journal Entries December 31, 2015 Account Title Debits Credits 1 encumbrance control 1,700,000 BFB - Reserve for encumbrance 1,700,000 2 cash 25,412,000 fuel tax receivables 25,412,000 fuel tax receivables 3,105,000 revenue control 3,105,000 3 encumbrance control 29,000,000 BFB- reserve for encumbrance 29,000,000 4 expenditure capital outlay 28,818,000 contract payable 28,818,000 5 contract payable 28,900,000 cash 28,818,000 contract payable retained 182,000 State Government Debt Service Fund Journal Entries December 31, 2015 Account Title Debits Credits 6 cash 5,300,000 other finanacing sources - transfer in 5,300,000 7 Exp. Bond pricipal 1,800,000 Exp. Bond Interest 3,400,000 Matured bonds payable 1,800,000 Matured bonds payable 3,400,000 8 other financing sources - refund of existing debt 25,000,000 cash 25,000,000
STATE GOVERNMENT General ledger CAPITAL PROJECTS FUND GENERAL LEDGER CASH TAXES RECEIVABLE CONTRACTS PAYABLE FUND BALANCE bb 8,700,000 bb 2,550,000 1,875,000 bb 9,375,000 bb 25,412,000 25,412,000 28,818,000 182,000 28,818,000 3,105,000 28,900,000 (19,757,000) 1,793,000 9,557,000 5,294,000 BUDGETARY FUND BALANCE - FUEL TAX CAPITAL RESERVE FOR ENCUMBRANCES ENCUMBRANCES REVENUES EXPENDITURES 1,700,000 1,700,000 3,105,000 28,818,000 29,000,000 29,000,000 27,300,000 30,700,000 3,105,000 28,818,000 Total debit balances 45,055,000

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