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Unformatted text preview: Expenditures – Serial Bonds Paid 16,000 Fund Balance – Reserved for Encumbrances – 20X0 8,800 Expenditures – 20X0 8,800 b. Adjusting Journal Entries: Capital Projects Fund: 5. Due from General Fund 100,000 Other Financing Sources – Bond Issue 100,000 Record receivable due from general fund for proceeds of sale of bonds. Water Utility Fund: 6. Due from General Fund 1,000 Revenue – Miscellaneous 1,000 Record receivable from general fund for cash obtained from sale of scrap....
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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.
- Fall '11