Question

Refer to the preclosing trial balance in Exercise 17-10. Assume that the balances on December 31, 20X0, were as follows:
Fund Balance—Assigned for Encumbrances ... $28,000
Fund Balance—Unassigned ......... 91,000

Required
Prepare a general fund–only statement of revenues, expenditures, and changes in fund balance for fiscal 20X1.


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  • CreatedMay 23, 2014
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