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Solution_-_Problem_9-4-1

Solution_-_Problem_9-4-1 - 9-4 CITY OF LYNNWOODTRANS...

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Unformatted text preview: 9-4. CITY OF LYNNWOODTRANS. FUNDAMOUNTSNO.OR ACTIVITYACCOUNT TITLEDebitsCredits1.GFESTIMATED REVENUES2,000,000APPROPRIATIONS1,990,000BUDGETARY FUND BALANCE10,0002.GFTAXES RECEIVABLE—CURRENT1,940,000ESTIMATED UNCOLLECTIBLECURRENT TAXES9,000REVENUES1,931,000GATAXES RECEIVABLECURRENT1,940,000ESTIMATED UNCOLLECTIBLECURRENT TAXES9,000GENERAL REVENUES— PROPERTY TAXES1,931,0003.GFOFU—INTERFUND TRANSFERS OUT25,000CASH25,000ISFCASH25,000EQUIPMENT300,000ACCUMULATED DEPRECIATION65,000TRANSFERS IN260,0004. PFINVESTMENTS—MARKETABLESECURITIES800,000REVENUES—CONTRIBUTIONSFOR ENDOWMENT800,000Ch. 9, Solutions, 9-4 (Cont'd)TRANS. FUNDAMOUNTSNO.OR ACTIVITYACCOUNT TITLEDebitsCreditsCASH40,000REVENUES—INVESTMENT EARNINGS40,000PFOFUINTERFUND TRANSFERS OUT40,000CASH40,000SRFCASH40,000OFS—INTERFUND TRANSFERS IN40,000GAINVESTMENTS—MARKETABLESECURITIES800,000GENERAL REVENUES— CONTRIBUTIONS FOR ENDOWMENT800,000CASH40,000PROGRAM REVENUES—PARKS ANDRECREATION—OPERATING GRANTS & CONTRIBUTIONS...
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Solution_-_Problem_9-4-1 - 9-4 CITY OF LYNNWOODTRANS...

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