Chat4 Ch 5 Example Trial Balance Worksheet for class participation

Chat4 Ch 5 Example Trial Balance Worksheet for class participation

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Problem 10-3 (a) CITY OF LYNN Airport (Enterprise) Fund Worksheet for the Year Ended December 31, 20X0 Example of Worksheet to record journal entries Trial Balance Revenues and Expenditures Balance Sheet and resulting financial statement balances Beginning   Reported Reported Accounts  Dr.  Cr. Dr. Cr. Dr. Cr. ASSETS Cash   132,000  132,000  LIABILITIES EQUITY (FUND BALANCE, NET ASSETS) Estimated Revenues  1,006,500  Appropriations 1,825,000  Estimated Other Financing Sources  5,825,000  Estimated Other Financing Uses 5,000,000  Budgetary Fund Balance 6,500  Fund Balance 125,200  125,200  6,800  REVENUES Revenues-Taxes 1,001,400  1,001,400  Revenues-Investment Income 5,400  5,400  EXPENDITURES Expenditures-Principal  1,000,000  1,000,000  Expenditures-Interest  825,000  825,000  Expenditures-Fees OTHER FINANCING SOURCES Other Financing Sources-Transfers In 825,000  825,000  Other Financing Uses-Escrow Pymt  5,000,000  5,000,000  Other Financing Sources-Bond Proceeds 5,000,000  5,000,000   13,788,500  13,788,500  6,825,000  6,831,800  132,000  132,000   -    6,831,800  (6,825,000) 6,800 
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Problem 10-3 (a) CITY OF LYNN Airport (Enterprise) Fund Worksheet for the Year Ended December 31, 20X0 Example of Worksheet to record journal entries Trial Balance Transactions and Adjustments Revenues and Expenditures Balance Sheet and resulting financial statement balances Beginning     During Reported Reported Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. ASSETS Cash  (2) 80,000  80,000  (3) 2,000  (5) 158,000  160,000  (7) (6) 4,000  Cash with Fiscal Agent (investments) (3) 80,000  80,000  Taxes Receivable-Current (4) 165,000  158,000  (5)
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This note was uploaded on 08/01/2011 for the course ACCT 434 taught by Professor Mcclellan during the Spring '11 term at National.

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Chat4 Ch 5 Example Trial Balance Worksheet for class participation

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