Chap017-baker 26

Chap017-baker 26 - 2,000,000 Close budgetary accounts. (10)...

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Chapter 17 - Governmental Entities: Introduction and General Fund Accounting 17-26 P17-13 (continued) (6) BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 1,000,000 ENCUMBRANCES 1,000,000 Reverse for purchase orders received. (7) Expenditures 1,840,000 Vouchers Payable 1,840,000 Record actual expenditures. (8) Vouchers Payable 1,852,000 Cash 1,852,000 Record payment of vouchers during period. (9) APPROPRIATIONS CONTROL 1,940,000 BUDGETARY FUND BALANCE – UNRESERVED 60,000 ESTIMATED REVENUES CONTROL
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Unformatted text preview: 2,000,000 Close budgetary accounts. (10) BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 70,000 ENCUMBRANCES 70,000 Close remaining encumbrances by reversing remaining budgetary balance. (11) Fund Balance – Unreserved 70,000 Fund Balance – Reserved for Encumbrances 70,000 Reserve fund balance for outstanding purchase commitments. (12) Property Tax Revenue 1,860,000 Expenditures 1,840,000 Fund Balance – Unreserved 20,000 Close operating statement accounts....
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This note was uploaded on 10/09/2011 for the course ACC 253 taught by Professor Strimling during the Fall '11 term at Harper.

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