The General Fund Trial Balance of the Dodoma city at 30 June 2017 is given below....

  

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The General Fund Trial Balance of the Dodoma city at 30° June 2017 is given below. Figures in '000* Cr Dr Cash 225,000.00 Savings 80,000.00 Property taxes receivable 122,500.00 Investment 100,000.00 Accounts Payable Wages payable Fund balance 52,700.00 19,200.00 -455,600.00 527,500.00 527,500.00 Additional information on the financial transactions that took place during the year ended 30 June 2018 are as follows. (Note that that figures are in '000'] i. Estimated Revenues: TZS 2,180,000 ii. Appropriations: TZS 2,115,000 iii. Revenue from Property Tax Levy: TZS 1,450,000 iv. Cash received from property taxes: TZS 1,460,000 v. Other revenues received: TZS 760,000 vi. Expenditure on payroll: TZS 1,150,000 vii. Encumbered expenditures (local purchase orders): TZS 1,210,000 viii. Liquidation of encumbrance- with receipt of local purchase orders: TZS 1,050,000 ix. Cash payments: Local purchase orders: TZS 1,065,000 x. Cash payments for wages: TZS 1,155,000 xi. Cash payments for savings: TZS 40,000 Required: a) Open appropriate accounts, post entries therein and balance them at year end - 30 June 2018 b) Draw up a balance sheet as at 30° June 2018 c) Prepare a statement of assets and liabilities. The General Fund Trial Balance of the Dodoma city at 30° June 2017 is given below. Figures in '000* Cr Dr Cash 225,000.00 Savings 80,000.00 Property taxes receivable 122,500.00 Investment 100,000.00 Accounts Payable Wages payable Fund balance 52,700.00 19,200.00 -455,600.00 527,500.00 527,500.00 Additional information on the financial transactions that took place during the year ended 30 June 2018 are as follows. (Note that that figures are in '000'] i. Estimated Revenues: TZS 2,180,000 ii. Appropriations: TZS 2,115,000 iii. Revenue from Property Tax Levy: TZS 1,450,000 iv. Cash received from property taxes: TZS 1,460,000 v. Other revenues received: TZS 760,000 vi. Expenditure on payroll: TZS 1,150,000 vii. Encumbered expenditures (local purchase orders): TZS 1,210,000 viii. Liquidation of encumbrance- with receipt of local purchase orders: TZS 1,050,000 ix. Cash payments: Local purchase orders: TZS 1,065,000 x. Cash payments for wages: TZS 1,155,000 xi. Cash payments for savings: TZS 40,000 Required: a) Open appropriate accounts, post entries therein and balance them at year end - 30 June 2018 b) Draw up a balance sheet as at 30° June 2018 c) Prepare a statement of assets and liabilities.

Answer rating: 100% (QA)

a Open appropriate accounts post entries therein and balance them at year end 30 June 2018 Cash Account Dr Cr 30 June 2018 Balance 225000 Cash Received from Property Taxes 1460000 Other Revenues Recei... View the full answer