Question

Prepare a skeleton statement of revenues, expenditures, and changes in fund balances using the headings in Illustration 2-11 (e.g., Revenues, Expenditures, and Excess (Deficiency) of Revenues over Expenditures) that shows where (or if) each of the following items should be reported in that statement. Include all appropriate subtotals.


a. Proceeds from issuing bonds.
b. Transfer to another fund.
c. Revenues.
d. Salary expenditures.
e. Extraordinary loss.
f. Expenditures for operations.
g. Expenditures for purchases of equipment.
h. Expenditures for principal retirement of long-term liabilities.
i. Expenditures for interest.
j. Depreciation expense.
k. Specialitems.


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  • CreatedOctober 25, 2014
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