Following is a trial balance of City of Jeddah's General Fund at December $31,2022.$ 

Prepare:

$($a$)$ a statement of revenues, expenditures, and changes in fund balance for the year ended December $31,2022.$ 

Debits CreditsCash $ $15,000$Property taxes receivable $25,000$Due from other funds $10,000$Vouchers payable $ $10,000$Unassigned fund balance, January $1,2013$

$20,000$Revenues $-$ property taxes $225,000$Revenues $-$ other $30,000$Expenditures $-$ salaries $180,000$Expenditures $-$ materials $20,000$Transfer out to Debt Service Fund $40,000$Estimated revenues $-$ property taxes $320,000$Estimated revenues $-$ other $40,000$Appropriations $-$ salaries $290,000$Appropriations $-$ materials $25,000$Appropriations $-$ transfer to Debt Service Fund $40,000$Budgetary fund balance $.$

Answer rating: 100% (QA)

To prepare a statement of revenues expenditures and changes in fund balance for the City of Jeddahs ... View the full answer