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, 2020. Prepare a condensed statement of revenues, expenditures, and other changes in fund balance. Also prepare a condensed balance sheet.

Deblt Credit Accounts Payable. Cash 90,000 $ 30,000 Contracts Payable.. 90,000 Unavailable Revenues. 40,000 Due from Capital Projects Funds 60,000 Due to Debt Service Funds.. 40,000 Expenditures. Fund Balance-Unassigned. 530,000 170,000 Investments 410,000 Revenues. 760,000 Other Financing Sources-Bond Proceeds. Other Financing Sources-Transfers In Other Financing Uses-Transfers Out. Taxes Receivable. 300,000

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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