The following trial balance is taken from the General Fund of the City of Jennings for the
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The following trial balance is taken from the General Fund of the City of Jennings for the year ending December 31, 2024. Prepare a condensed statement of revenues, expenditures, and other changes in fund balance. Also prepare a condensed balance sheet.
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Accounts Payable.. Cash .... Contracts Payable... Unavailable Revenues.. Due from Capital Projects Funds.. Due to Debt Service Funds... Expenditures ... Fund Balance-Unassigned Investments. Revenues.... Other Financing Sources-Bond Proceeds. Other Financing Sources-Transfers In Other Financing Uses-Transfers Out.. Taxes Receivable..... Vouchers Payable.. Totals.... Debit $ 30,000 60,000 530,000 410,000 470,000 220,000 $1,720,000 $ Credit 90,000 90,000 40,000 40,000 170,000 760,000 300,000 50,000 180,000 $1,720,000
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Related Book For
Advanced Accounting
ISBN: 9781264798483
15th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer And Timothy Doupnik
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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