9 solutions 9 4 contd trans fund no or activity

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Unformatted text preview: TIVITY ACCOUNT TITLE DUE TO OTHER FUNDS AMOUNTS Debits Credits 124,000 CASH GA 124,000 EXPENSES—GENERAL GOVERNMENT 125,000 INTERNAL BALANCES INTERNAL BALANCES 125,000 124,000 CASH 6. ISF & GA 124,000 SUPPLIES INVENTORY 4,500 CASH 7. GF 4,500 CASH 1,988,000 TAXES RECEIVABLE—CURRENT 1,925,000 REVENUES GA CASH 63,000 1,988,000 TAXES RECEIVABLE—CURRENT 1,925,000 PROGRAM REVENUE—GENERAL GOVERNMENT—CHARGES FOR SERVICES 8. ISF DUE FROM OTHER FUNDS 63,000 23,800 BILLINGS TO DEPARTMENTS EF EXPENSES—ADMINISTRATIVE DUE TO OTHER FUNDS 9-9 23,800 8,100 8,100 Chapter 09 - Financial Reporting of State and Local Governments Ch. 9, Solutions, 9-4 (Cont'd) TRANS. FUND NO. OR ACTIVITY GF AMOUNTS ACCOUNT TITLE Debits Credits EXPENDITURES—GENERAL GOVERNMENT 15,700 DUE TO OTHER FUNDS GA INTERNAL BALANCES 15,700 8,100 PROGRAM REVENUE—GENERAL GOVERNMENT—CHARGES FOR SERVICES 9. CPF CASH 8,100 5,000,000 OFS—PROCEEDS OF BONDS ENCUMBRANCES 5,000,000 4,500,000 RESERVE FOR ENCUMBRANCES GA CASH 4,500,000 5,000,000 BONDS PAYABLE 10. GF ENCUMBRANCES 5,000,000 32,000 RESERVE FOR ENCUMBRANCES 32,000 RESERVE FOR ENCUMB...
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This note was uploaded on 05/20/2010 for the course ACCOUNTING 580 taught by Professor Waymire during the Spring '10 term at Northern Virginia.

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