Prepare Statement of Revenues, Expenditures, and Changes in fund balance for year ended December 31, 2015,...

 

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Prepare Statement of Revenues, Expenditures, and Changes in fund balance for year ended December 31, 2015, for the General Fund of Dallas City, given following information: Fund balance, January 1, 2015 1,000,000 Property tax revenues 10,000,000 Licenses and fees revenues 1,000,000 General capital asset sale proceeds (Equal to book value less 10%) Accrued interest on long-term notes Accrued interest on short-term notes Public safety expenditures High way and street expenditures Purchases of equipment Proceeds from issuance of short-term notes Proceeds from issuance of long-term notes Payments to retire long-term notes Payments to retire short-term notes Interest payments Encumbrances Transfer from Debt Service Fund Transfer to Capital Project Fund 300,000 800,000 300,000 2,500,000 3,000,000 1,700,000 900,000 800,000 1,500,000 600,000 300,000 1,300,000 200,000 600,000 Prepare Statement of Revenues, Expenditures, and Changes in fund balance for year ended December 31, 2015, for the General Fund of Dallas City, given following information: Fund balance, January 1, 2015 1,000,000 Property tax revenues 10,000,000 Licenses and fees revenues 1,000,000 General capital asset sale proceeds (Equal to book value less 10%) Accrued interest on long-term notes Accrued interest on short-term notes Public safety expenditures High way and street expenditures Purchases of equipment Proceeds from issuance of short-term notes Proceeds from issuance of long-term notes Payments to retire long-term notes Payments to retire short-term notes Interest payments Encumbrances Transfer from Debt Service Fund Transfer to Capital Project Fund 300,000 800,000 300,000 2,500,000 3,000,000 1,700,000 900,000 800,000 1,500,000 600,000 300,000 1,300,000 200,000 600,000

Answer rating: 100% (QA)

Answer Statement of revenue and expenditure Expenditure Loss on sale o... View the full answer