(GL and SL Entries; Statement) 1. The following are the estimated revenues for a Special Revenue Fund...
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(GL and SL Entries; Statement)
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1. The following are the estimated revenues for a Special Revenue Fund of the city of Marcelle at January 1, 20X5: Taxes...... Interest and penalties Fines and fees.... Permits Animal licenses Rents..... Other licenses. Interest 2. The city records its transactions on a cash basis during the year and adjusts to the modified accrual basis at year-end. At the end of January, the following SRF collections had been made. Taxes....... Interest and penalties. Fines and fees Permits..... $175,000 2,000 700 300 900 500 3,500 1,000 $183,900 Animal licenses. Rents Other licenses $ 90,000 1,000 50 140 800 45 2,000 $ 94,035 3. An unanticipated grant-in-aid of $5,000 was received from the state on February 1. 4. SRF collections for the remaining 11 months were as follows:
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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