Chat3 Solutions Worksheet 4-10

Chat3 Solutions Worksheet 4-10 - Specific Ledger/Fund...

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file:////home/vdimitrov/26865/bf3c94b8354c064eaa09bb30679dc16aac5371aa.xls/4-10 Journal Entries 08/02/2011 Specific Ledger/Fund Description Debits Credits a) Journal Entries General Fund: -1 ESTIMATED REVENUES 3,140,000 APPROPRIATIONS 3,100,000 BUDGETARY FUND BALANCE 40,000 General Fund: -2 CASH 294,000 EXPENDITURES-2011 6,000 TAX ANTICIPATION NOTES PAYABLE 300,000 Governmental Activities: CASH EXPENSES—INTEREST ON TAX ANTICIPATION NOTES TAX ANTICIPATION NOTES PAYABLE General Fund: -3 TAXES RECEIVABLE¾CURRENT 2,150,000 ESTIMATED UNCOLLECTIBLE CURRENT TAXES 86,000 REVENUES 2,064,000 TAXES RECEIVABLE¾CURRENT ESTIMATED UNCOLLECTIBLE CURRENT TAXES GENERAL REVENUES—PROPERTY TAXES General Fund: -4 ENCUMBRANCES - 2011 2,059,000 RESERVE FOR ENCUMBRANCES-2011 2,059,000 General Fund and Governmental Activities: -5 TAXES RECEIVABLE-CURRENT 25,000 REVENUES (General Revenues in Governmental Activities) 25,000 General Fund and Governmental Activities: -6 CASH 2,364,840 TAXES RECEIVABLE¾CURRENT 1,961,000 TAXES RECEIVABLE¾DELINQUENT 383,270 INTEREST AND PENALTIES RECEIVABLE 20,570 -7 INTEREST AND PENALTIES RECEIVABLE 38,430 ESTIMATED UNCOLLECTIBLE INTEREST AND PENALTIES 11,529 General Ledger Governmental Funds Governmental Activities : General Fund :
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Journal Entries 08/02/2011 REVENUES 26,901 INTEREST AND PENALTIES RECEIVABLE ESTIMATED UNCOLLECTIBLE INTEREST AND PENALTIES GENERAL REVENUES—INTEREST AND PENALTIES ON DELINQUENT TAXES General Fund: -8 BUDGETARY FUND BALANCE 80,000 ESTIMATED REVENUES 80,000 REDUCE ORIGINAL BUDGETARY INCREASE OF $40,000 TO A NET DECREASE OF $ General Fund: -9 EXPENDITURES-2011 819,490 DUE TO FEDERAL GOVERNMENT 166,400 DUE TO STATE GOVERNMENT 34,400 CASH 618,690 Governmental Activities: EXPENSES (function details omitted) DUE TO FEDERAL GOVERNMENT DUE TO STATE GOVERNMENT CASH General Fund: -10 EXPENDITURES-2011 62,690 DUE TO FEDERAL GOVERNMENT 62,690 Governmental Activities: EXPENSES (function details omitted) DUE TO FEDERAL GOVERNMENT General Fund: -11 CASH 946,700 REVENUES 946,700 Governmental Activities: CASH REVENUES (itemize as program or general and by source) General Fund and Governmental Activities: -12 DUE TO FEDERAL GOVERNMENT 288,580 DUE TO STATE GOVERNMENT 34,400 VOUCHERS PAYABLE 322,980 General Fund: -13 RESERVE FOR ENCUMBRANCES¾2011
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Chat3 Solutions Worksheet 4-10 - Specific Ledger/Fund...

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