Week2-Bancroft

Week2-Bancroft - 510 Funds Debits Credits 1 Cash 100,000...

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file:////home/vdimitrov/27267/dfd49a163c7484813959724d113c1b44f2dcc54d.xls/5-10 Journal Entries 08/02/2011  General Ledger Governmental  5-10   Funds  Street Improvement Fund:  Debits   Credits  1  Cash   100,000   Other Financing Sources-Proceeds of   100,000   Bond Anticipation Notes  2  Cash   750,000   Revenue   750,000  3  Encumbrances   2,700,000   Reserve for Encumbrances   2,700,000  4  Supplies Expenditures   60,000   Cash  60,000 5  Construction Expenditures   69,000   Cash   69,000  6  Construction Expenditures   18,500   Vouchers Payable   18,500  7  Reserve for Encumbrances   1,000,000   Encumbrances   1,000,000   Construction Expenditures   1,000,000   Contracts Payable   1,000,000  8  Cash   2,500,000   Other Financing Sources-Proceeds of Bonds   2,500,000  9  Other Financing Sources-Retirement of   Bond Anticipation Notes   100,000   Interest Expenditures   3,000   Cash   103,000  10  Contracts Payable   1,000,000   Cash   950,000   Contracts Payable-Retained Percentage   50,000  11  Short-Term Investment   1,800,000   Cash   1,800,000 
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file:////home/vdimitrov/27267/dfd49a163c7484813959724d113c1b44f2dcc54d.xls/5-10 Journal Entries 08/02/2011  Cash  60,000
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file:////home/vdimitrov/27267/dfd49a163c7484813959724d113c1b44f2dcc54d.xls/5-10 Journal Entries
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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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Week2-Bancroft - 510 Funds Debits Credits 1 Cash 100,000...

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