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.
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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 50,000 470,000 220,000 Vouchers Payable.. 180,000 Totals... $1,720,000 $1,720,000
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CITY OF JENNINGS GENERAL FUND Statement of Revenues Expenditures and Other Changes in Fund Balance C...View the full answer
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, 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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