12_5 Solution - PROBLEM 12-5 SOLUTION (Fund Transactions...

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PROBLEM 12-5 SOLUTION (Fund Transactions Worksheets) General Fund - Modified Accrual Transactions Analysis Worksheet Liabilities and Fund Balance Assets = Liabilities Fund Balance and Changes in Fund Balance Real Due to Estate State Debt Deferred Taxes Grants Accounts Service Tax Salaries Fund Cash Receivable Receivable Payable Fund Revenue Payable Balance Beginning Balance $300,000 $20,000 $10,000 $0 $16,000 $0 $90,000 $224,000 Transaction # 1 (480000) (80000) (200000) General Government Expenditures (140000) Education Expenditures (60000) Transaction # 2 10000 (2000) General Government Expenditures (6000) Education Expenditures (2000) Transaction # 3a 300000 8000 292000 Real Estate Tax Revenues Transaction # 3b 280000 (280000) Transaction # 4a 100000 100000 State Grant Revenues Transaction # 4b 20000 (20000) Transaction # 5 (70000) (10000) (60000) Transfer to Debt Service Fund Transaction # 6a
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12_5 Solution - PROBLEM 12-5 SOLUTION (Fund Transactions...

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