nonprofit continuing problem ch 5

nonprofit continuing problem ch 5 - DR 1. Estimated...

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DR CR 1. Estimated Revenues-Property Tax $5,504,000 38,000 Estimated Revenues-Sales Tax 900,000 70,000 Estimated Revenues- Lottery Receipts 225,000 Estimated Revenues- License Fees 10,000 Appropriations-Salaries $3,500,000 Appropriations-Travel 31,500 Appropriations-Equipment 600,000 Appropriations-Contractual Services 120,000 Appropriations-Supplies and Materials 40,000 Appropriations-Liability Insurance 16,500 Appropriations-Advertising 600 Appropriations-Legal Services 10,000 Appropriations-Auditing Fees 10,000 Appropriations-Transfer to Debt Service Fund 900,000 Appropriations-Transfer to Venus Park Fund 60,000 Budgetary Fund Balance 1,458,400 1. Fund Balance Reserved for Encumbrances $25,000 Unreserved Fund Balance $25,000 1. Encumbrances-Construction Equipment 25,000 Budgetary Fund Balance Reserved for Encumbrances 25,000 2. Property Tax Receivable-Current 5,504,000 Revenues-Property Taxes 5,504,000 3. Cash 50,800 Property Taxes Receivable-Delinquent 50,000 Revenue- Interest and Penalties 800 4. Cash 5,200,000 Property Taxes Receivable-Current 5,200,000 5. Revenue-Property taxes 20,000 Cash 20,000 6. Budgetary Fund Balance Reserved for Encumbrances 25,000 Encumbrances- Equipment 25,000 6. Expenditures-Equipment 25,000
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Vouchers Payable 25,000 6. Vouchers-Payable 25,000 Cash 25,000 7. Vouchers Payable $20,000 Cash $20,000 8. Expenditures-travel $31,000 Cash $31,000 40,000 Budgetary Fund Balance Reserved for Encumbrances 40,000 10. Expenditures-Contractual Services 115,000 Cash 115,000 11. Transfer Out To Venus Parks Fund 60,000 Cash 50,000 Due to Venus Park Fund 10,000 12. Cash 37,000 Revenue-interest and penalties 37,000 13. Expenditures-Salaries 2,900,000 Cash 2,600,000 Due to pension trust fund 300,000 13. Expenditures-salaries 300,000 Due to pension trust fund 300,000 13. Due to Pension Trust Fund 600,000 Cash 600,000 14. Encumbrances-Equipment 544,000 Budgetary Fund Balance Reserved For Encumbrances 544,000 15. Transfer Out To Debt Service Fund 900,000 Cash 900,000 16. Budgetary Fund Balance Reserved for Encumbrances 544,000 Encumbrances-Equipment 544,000
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16. Expenditures-Equipment 545,000 Cash 545,000 17. Encumbrances- Equipment 31,000 Budgetary Fund Balance Reserved For Encumbrances 31,000 18. Budgetary Fund Balance Reserved For Encumbrances
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This note was uploaded on 10/27/2008 for the course ACCT 470 taught by Professor D during the Fall '08 term at Black Hills State University.

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nonprofit continuing problem ch 5 - DR 1. Estimated...

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