Record the following transactions of the General Fund of Kinlaw County in its General Ledger. Also, use transaction analysis to show any effects on the GCA-GLTL accounts.
1. Payroll was approved and paid, $630,000.
2. Materials and supplies were purchased for the Fire Department on account, $13,200.
3. Recreational equipment was purchased on account for $77,850.
4. The General Fund was billed $700 by the Electric Utility Enterprise Fund for electricity for the month.
5. Payments were approved and made for the recreational equipment and the electricity, $78,550.
6. Accrued, unpaid payroll at year-end amounted to $2,700.

  • CreatedOctober 25, 2014
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