EXCEL Exercise_5_13_template.xls - JOURNAL ENTRIES State...

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JOURNAL ENTRIES State Government Capital Project Fund Journal Entries December 31, 2017 Account Title Debits Credits 1 Encumbrances Outstanding 2,100,000 Budgetary fund balance-reserve for encumbrances 2,100,000 2a cash 26,150,000 Taxes Receivable 2,550,000 fuel tax rev 23,600,000 2b taxes receivable 2,900,000 fuel tax rev 2,900,000 3 encumbrances 23,650,000 budgetary fund balance 23,650,000 4a capital expenditures 24,005,000 contracts payable 24,005,000 4b budgetary fund balance 24,005,000 encumbrances 24,005,000 5 contract payable 23,375,000 cash 23,375,000 State Government Debt Service Fund Journal Entries December 31, 2017 Account Title Debits Credits 6 cash 4,800,000 Other Financing sources- transfers in 4,800,000 7 expenditure - bond interest 2,985,000 expenditure - bond principal 1,850,000 cash 4,835,000 8a cash 20,000,000 other fin sources - bond refunding 20,000,000 8b other fin uses - bond refunding 20,000,000 cash 20,000,000
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 26,150,000 2,550,000 24,005,000 23,375,000 2,900,000 23,375,000 2,900,000 2,505,000 9,375,000 11,475,000 BUDGETARY FUND BALANCE - FUEL TAX CAPITAL RESERVE FOR ENCUMBRANCES ENCUMBRANCES REVENUES EXPENDITURES 2,100,000 2,100,000 23,600,000 23,650,000 23,650,000 2,900,000

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