Question: Below you will find a postclosing trial balance for the City of Springfield's General Fund (for the year ended December 31, 2016). 000s have been
| Below you will find a postclosing trial balance for the City of Springfield's | ||
| General Fund (for the year ended December 31, 2016). 000s have been omitted. | ||
| Fund Equity | 77,789 | |
| Taxes Payable | 5,386 | |
| Cash | 72,375 | |
| Short-term Investments | 5,003 | |
| Accrued wages | 1,579 | |
| Accounts receivable | 2,315 | |
| Accounts payable | 375 | |
| Prepaid rent | 3,000 | |
| Other short-term assets | 5,000 | |
| Notes payable | 4,200 | |
| Petty cash | 1,636 | |
| Total | 89,329 | 89,329 |
| Requirements: | ||
| 1. Prepare a Balance Sheet for the City of Springfield's General Fund for the | ||
| year ended 12/31/16. | ||
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