The following trial balance is taken from the General Fund of the City of Jennings for the year ending December 31, 2017. Prepare a condensed statement of revenues, expenditures, and other changes in fund balance and also prepare a condensed balance sheet.

Transcribed Image Text:

Deblt Credit $ 90,000 Accounts Payable Cash Contracts Payable Unavallable Revenues Due from Capital Projects Funds Due to Debt Service Funds Expenditures Fund Balance-Unassigned Investments $30,000 90,000 40,000 60,000 530,000 410,000 40,000 170,000 760,000 300,000 50,000 Other Financing Sources-Bond Proceeds Other Financing Sources-Transfers In Other Financing Uses-Transfers Out Taxes Recelvable Vouchers Payable 470,000 220,000 180,000 $1.720,000 Totals. $1,720,000