The Unreserved and Undesignated Fund Balance ledger account of the Town of Old berry General Fund...
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The Unreserved and Undesignated Fund Balance ledger account of the Town of Old berry General Fund was as follows on June 30, 2006. The Town of Old berry did not have any other financing sources or uses during the year ended June 30, 2006. Unreserved and Undesignated Fund Balance Explanation Debit Date 2005/June30 Balance 2006/June30 Decrease in amount reserved for inventory of supplies 30 30 30 Close Encumbrances ledger account Close excess of revenues ($840,200) over expenditures ($764,800) Designation for replacement of equipment 6,200 60,000 Credit 3,700 75,400 Balance 62,400 cr 66,100 cr 59,900 cr 135,300 cr 75,300 cr Instructions; Reconstruct the journal entries of the Town of Old berry General Fund indicated by the Foregoing information. The Unreserved and Undesignated Fund Balance ledger account of the Town of Old berry General Fund was as follows on June 30, 2006. The Town of Old berry did not have any other financing sources or uses during the year ended June 30, 2006. Unreserved and Undesignated Fund Balance Explanation Debit Date 2005/June30 Balance 2006/June30 Decrease in amount reserved for inventory of supplies 30 30 30 Close Encumbrances ledger account Close excess of revenues ($840,200) over expenditures ($764,800) Designation for replacement of equipment 6,200 60,000 Credit 3,700 75,400 Balance 62,400 cr 66,100 cr 59,900 cr 135,300 cr 75,300 cr Instructions; Reconstruct the journal entries of the Town of Old berry General Fund indicated by the Foregoing information.
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Research Methods for Business A Skill Building Approach
ISBN: 978-1119942252
6th edition
Authors: Uma Sekaran, Roger Bougie
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