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Use the Smithville_GL_Street Improvement Bond Debt Service Fund.docx to complete the steps in Chapter Six instructions

General Ledger

City of Smithville

4 - Street Improvement Bond Debt Service Fund

Year	Ref	Account Description	Debits	Credits	Balance Dr(Cr)
		Cash
2020	101	6-a-2	32,500		32,500
2020	101	6-a-3		25,000	7,500
2020	101	6-a-5	17,500		25,000
2021	103	6-d-3		25,000	0
2021	104	6-d-4	117,500		117,500
2021	105	6-d-4		117,500	0
2021	106	6-d-5	325,000		325,000
2021	106	6-d-5		200,000	125,000
2021	106	6-d-6		107,500	17,500
2021	106	6-d-7	290,000		307,500
2021	107	6-d-9	4,187		311,687
		Taxes Receivable-Current
2021	103	6-d-2	660,000		660,000
2021	106	6-d-5		325,000	335,000
2021	106	6-d-7		290,000	45,000
2021	106	6-d-7		45,000	0
		Allowance for Uncollectible Current Taxes
2021	103	6-d-2		20,000	(20,000)
2021	106	6-d-7	20,000		0
		Taxes Receivable-Delinquent
2021	106	6-d-7	45,000		45,000
		Allowance for Uncollectible Delinquent Taxes
2021	106	6-d-7		20,000	(20,000)
		Interest and Penalties Receivable on Taxes
2021	106	6-d-7	3,600		3,600
		Allowance for Uncollectible Interest and Penalties
2021	106	6-d-7		180	(180)
		Investments

Year	Ref	Account Description	Debits	Credits	Balance Dr(Cr)
2021	105	6-d-4	117,500		117,500
2021	106	6-d-5	200,000		317,500
		Deferred Inflows of Resources
2021	106	6-d-7		684	(684)
2021	107	6-d-8		7,440	(8,124)
		Fund Balance-Restricted
2020	102	Closing Entry		25,000	(25,000)
2021	109	Closing Entry		624,483	(649,483)
		Budgetary Fund Balance
2020	101	6-a-1		25,000	(25,000)
2020	102	Closing Entry	25,000		0
2021	103	6-d-1		510,500	(510,500)
2021	105	6-d-4		120,187	(630,687)
2021	108	Closing Entry	630,687		0

Answer rating: 100% (QA)

Requirement 6b City of Smithville Street Improvement Bond Debt Service Fund Statement of Revenues Ex... View the full answer