Chap017-baker 24

Chap017-baker 24 - $ 197,400 E17-11 Statement of Revenues,...

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Chapter 17 - Governmental Entities: Introduction and General Fund Accounting 17-24 E17-10 (continued) b. General fund balance sheet: Lone Wolf General Fund Balance Sheet December 31, 20X1 Assets Cash $ 90,000 Property Taxes Receivable – Delinquent $100,000 Less: Allowance for Uncollectibles – Delinquent (7,200) 92,800 Due from Other Funds 14,600 Total Assets $ 197,400 Liabilities and Fund Balance Vouchers Payable $ 65,000 Due to Other Funds 8,400 Fund Balance: Reserved for Encumbrances $ 32,000 Unreserved 92,000 124,000 Total Liabilities and Fund Balance
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Unformatted text preview: $ 197,400 E17-11 Statement of Revenues, Expenditures, and Changes in Fund Balance Lone Wolf General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For the Fiscal Year Ended December 31, 20X1 Revenue: Property Taxes $1,130,000 Miscellaneous 40,000 $1,170,000 Expenditures 1,140,000 Excess of Revenue over Expenditures $ 30,000 Other Financing Sources (Uses): Transfer Out (25,000) Net Change in Fund Balance $ 5,000 Fund Balance, January 1, 20X1 119,000 Fund Balance, December 31, 20X1 $ 124,000...
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