Ch_10_sm_Excel Solution Files_9e

Governmental and Nonprofit Accounting: Theory and Practice, Update (9th Edition)

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Problem 10-3 (a) CITY OF LYNN Airport (Enterprise) Fund Worksheet for the Year Ended December 31, 20X0 Trial Balance Transactions and Adjustments Revenues and Expenses Balance Sheet January 1, 20X0 During 20X0 (Closing Entries) December 31, 20X0 Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 37,000 (1) 471,000 346,000 (2) 72,100 (6) 48,100 48,000 (4) 90,000 (5) Accounts Receivable 50,000 (7) 30,000 1,900 (3) 30,000 48,100 (6) Allowance for Uncollectible Accounts 2,000 (3) 1,900 1,300 (7) 1,400 Land 200,000 200,000 Structures and Improvements 700,000 700,000 Accumulated Depreciation-- Structures and Improvements 50,000 14,000 (9) 64,000 Equipment 250,000 250,000 Accumulated Depreciation--Equipment 90,000 21,000 (9) 111,000 Vouchers Payable 48,000 (4) 48,000 24,000 (2) 24,000 Bonds Payable 800,000 (5) 50,000 750,000 Net Assets 247,000 51,700 298,700 1,237,000 1,237,000 Aviation Revenues 340,500 (1) 369,200 28,700 (7) Concession Revenues 90,000 (1) 90,000 Revenues from Airport Management 30,000 (1)
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Ch_10_sm_Excel Solution Files_9e - Problem 10-3 (a) CITY OF...

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