Question: Exercise 6 - 2 3 ( Algo ) Debt Service Fund Trial Balance [ LO 6 - 5 ] Skip to question [ The following

Exercise 6-23(Algo) Debt Service Fund Trial Balance [LO 6-5]
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Following is Grant Countys debt service fund pre-closing trial balance for the fiscal year ended June 30.
GRANT COUNTYDebt Service FundPre-closing Trial BalanceJune 30DebitsCreditsCash$223,000Investments53,000Fund BalanceRestricted$54,200Budgetary Fund Balance?Estimated Other Financing Sources6,196,000Estimated Revenue2,661,800RevenueSales Taxes1,366,000RevenueInvestment Earnings10,800Other Financing SourcesInterfund Transfers In195,000Other Financing SourcesProceeds of Refunding Bonds7,300,000Estimated Other Financing Uses7,300,000Appropriations1,350,000ExpendituresBond Interest500,000ExpendituresBond Principal850,000Other Financing UsesPayment to Escrow Agent7,300,000
Using information provided by the trial balance, answer the following.
Exercise 6-23(Algo) Part a-d

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