Chap017-baker 31

Chap017-baker 31 - 1,788,000 Other Financing Uses –...

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Chapter 17 - Governmental Entities: Introduction and General Fund Accounting 17-31 P17-15 (continued) c. Closing entries: APPROPRIATIONS CONTROL 1,840,000 ESTIMATED OTHER FINANCING USES – TRANSFER OUT 37,000 ESTIMATED REVENUES CONTROL 1,877,000 Close budgetary accounts. BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 48,000 ENCUMBRANCES 48,000 Close remaining encumbrances. Fund Balance – Unreserved 48,000 Fund Balance – Reserved for Encumbrances 48,000 Reserve fund balance for outstanding purchase orders. Property Tax Revenue 1,586,000 Sales Tax Revenue 284,000 Miscellaneous Revenue 39,000 Expenditures
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Unformatted text preview: 1,788,000 Other Financing Uses – Transfer Out 37,000 Fund Balance – Unreserved 84,000 Close operating statement accounts. d. Pine Ridge General Fund Balance Sheet December 31, 20X2 Assets Cash $191,000 Property Tax Receivables – Delinquent $ 93,000 Less: Allowance for Uncollectibles – Delinquent (16,000) 77,000 Due from Central Stores Fund 13,000 Total Assets $281,000 Liabilities and Fund Balance Vouchers Payable $ 26,000 Due to Motor Pool Fund 10,000 Fund Balance: Reserved for Encumbrances $ 48,000 Unreserved 197,000 245,000 Total Liabilities and Fund Balance $281,000...
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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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