Chat4 Ch 5&6 Trial Balance Worksheet Examples

Chat4 Ch 5&6 Trial Balance Worksheet Examples -...

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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 Transactions and Adjustments Revenues and Expenditures Balance Sheet and resulting financial statement balances     During Reported Reported Accounts 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) 7,000  Allowance for Uncollectible Accounts 3,000  (4) 3,000  LIABILITIES EQUITY (FUND BALANCE, NET ASSETS) Fund Balance 86,000  REVENUES Revenues-Taxes 162,000  (4) 162,000  Revenues-Investment Income 4,000  (6) 4,000  EXPENDITURES Expenditures-Principal (7) 100,000  100,000  Expenditures-Interest (7) 50,000  50,000  Expenditures-Fees (7) 10,000  10,000  Expenditures-Construction OTHER FINANCING SOURCES Other Financing Sources-Transfers In 80,000  (2) 80,000  Other Financing Sources-Transfers Out Other Financing Sources-Bond Proceeds 647,000  647,000  160,000  246,000  89,000  89,000  246,000  (160,000) 86,000 
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Problem 10-3 (a) CITY OF LYNN Airport (Enterprise) Fund Worksheet for the Year Ended December 31, 20X0 (a) Issuance of bonds (b) Park Construction Costs Capital Projects Fund Debt Service Fund General Fund Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. ASSETS Cash (a) 1,000,000 1,000,000 (b) (2) 80,000 80,000 (3) 80,000 (2) (5) 158,000 160,000 (7) (6) 4,000 Cash with Fiscal Agent (investments) (3) 80,000 Taxes Receivable-Current (4) 165,000 158,000 (5) Allowance for Uncollectible Accounts 3,000 (4) GCA-Flores Park (b)
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Chat4 Ch 5&6 Trial Balance Worksheet Examples -...

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