PREPARE A STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR CITY OF COPELAND. PREPARE POST CLOSING BALANCE SHEET USING THE FOUR FUND BALANCES TOTAL OF FOUR BALANCE SHEETS. BE SURE TO PROVIDE FINANCIAL STATEMENTS AND NOT JUST POST CLOSING BALANCES. CHECK ALL CHANGES MADE TO ACCOUNT PRIOR TO PRESENT IN FINANCIAL STATEMENTS.  

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GENERAL FUNDS				DEBIT	CREDITS
CASH				19000
TAX RECIEVABLE				202000
ALLOWANCE FOR UNCOLLECTIBLE TAXES					2000
VOUCHERS PAYABLE					24000
DUE TO DEBT SERVICE FUND					10000
UNAVAILABLE REVENUES					16000
ENCUMBRANCES OUTSTANDING					9000
FUND BALANCE-UNASSIGNED					103000
REVENUES					176000
EXPENDITURES				110000
ENCUMBRANCES OUTSTANDING				9000
ESTIMATED REVENUES				190000
APPROPRIATIONS					171000
BUDGERARY FUND BALANCE					19000
TOTAL				530000	530000

DEBT SERVICE FUND				DEBIT	CREDIT
CASH				8000
INVESTMENTS				51000
TAX RECEIVABLE				11000
DUE FROM GENERAL FUNDS				10000
FUND BALANCE COMMITMENT					45000
REVENUES					20000
OTHER FINANCING SOURCES					90000
OPERATING TRANSFERS IN	OPERATING TRANSFERS IN			75000	155000
EXPENDITURES
TOTAL				155000	155000

CAPITAL PROJECT FUND				DEBIT	CREDIT
CASH				70000
SPECIAL ASSESSEMENTS RECEIVEBALE				90000
CONTRACTS PAYABLE					50000
UNAVAILABLE REVENUES					90000
ENCUMBRANCES OUTSTANDING					16000
FUND BALANCE-UNASSIGNED					0
OTHER FINANCING SOURCES					150000
EXPENDITURES				130000
ENCUMBRANCES				16000
ESTIMATED OTHER FINANCING SOURCES				150000
APPRECIATIONS				456000	150000
TOTAL				456000	456000

SPECIAL REVENUE FUND					DEBIT	CREDIT
CASH					14000
TAX RECIEVABLE					41000
INVENTORY OF SUPPLIES					4000
VOUCHERS PAYABLE						25000
GRANT REVENUES COLLECTED IN			IN ADVANCE			3000
FUND BALANCE- NONSPENDABLE						4000
ENCUMBRANCES OUTSTANDING						3000
FUND BALANCE-UNASSIGNED						19000
REVENUES						56000
EXPENDITURES					48000
ENCUMBRANCES					3000
ESTIMATED REVENUES					75000
APPROPRIATIONS						60000
BUDGETARY FUND BALANCE						15000
TOTAL					185000	185000

 

Answer rating: 100% (QA)

Statement of Revenues Expenditures and Changes in Fund Balances For the City of Copeland General Fund Debits Cash 19000 Tax Receivable 202000 Allowance for Uncollectible Taxes 2000 Vouchers Payable 24... View the full answer