Chapter 5 - Homework - Part 2.xlsx - JOURNAL ENTRIES State...

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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 2Taxes Receivable555,000 Cash25,412,000 Revenue - Fuel Tax25,967,000 3Encumbrances29,000,000 Budgetary Fund Balance - Reserve for Encumbrances29,000,000 4Budgetary Fund Balance - Reserve for Encumbrances29,000,000 Encumbrances29,000,000 Capital Expenditures28,900,000 Contracts Payable28,900,000 5Contracts Payable28,818,000 Cash28,818,000
STATE GOVERNMENTGeneral ledger CAPITAL PROJECTS FUND GENERAL LEDGER CASH TAXES RECEIVABLE CONTRACTS PAYABLE FUND BALANCE bb8,700,000 28,818,000 5 bb2,550,000 4 28,818,000 1,875,000 bb9,375,000 bb2 25,412,000 2 555,000 28,900,000 5 3,105,000 1,957,000 9,375,000 5,294,000 BUDGETARY FUND BALANCE - FUEL TAX CAPITAL RESERVE FOR ENCUMBRANCESENCUMBRANCES REVENUES EXPENDITURES 4 29,000,000 1,700,000 1 1 1,700,000 29,000,000 4 25,967,000 4 28,900,000 29,000,000 3 3 29,000,000 1,700,000 1,700,000 25,967,000 28,900,000 Total debit balances38,999,000 Total credit balances38,999,000 DEBT SERVICE FUND GENERAL LEDGER EXPENDITURES EXPENDITURES CASH FUND BALANCE BOND PRINCIPAL BOND INTEREST bb175,000 5,200,000 7 175,000 bb7 3,400,000 7 1,800,000 6 5,300,000 25,000,000 8 8 25,000,000 275,000 175,000 3,400,000 1,800,000 OTHER FINANCING SOURCES OTHER FINANCING USES

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