The trial balance of Weedpatch County General Fund on June 30, 2006, was as follows (amounts...
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The trial balance of Weedpatch County General Fund on June 30, 2006, was as follows (amounts in thousands): Cash Taxes receivable delinquent Allowance for uncollectible delinquent taxes Inventory of supplies Vouchers payable Payable to other funds Fund balance reserved for encumbrances Fund balance reserved for inventory of supplies Unreserved and undesignated fund balance Budgetary fund balance Estimated revenues Appropriations Revenues Expenditures Encumbrances Totals Debit $ 100 60 50 800 750 4 $1,764 Credit $ 10 40 12 4 50 18 20 780 830 $1,764 The balance of the Unreserved and Undesignated Fund Balance ledger account on July 1, 2005, was $22,000; there were balances of $6,000 and $40,000, respectively, in the Fund Balance Reserve for Encumbrances and the Fund Balance Reserved for Inventory of Sup- plies accounts on that date. Instructions Prepare a statement of revenues, expenditures, and changes in fund balance and a balance sheet (amounts in thousands) for Weedpatch County General Fund for the year ended June 30, 2006. The trial balance of Weedpatch County General Fund on June 30, 2006, was as follows (amounts in thousands): Cash Taxes receivable delinquent Allowance for uncollectible delinquent taxes Inventory of supplies Vouchers payable Payable to other funds Fund balance reserved for encumbrances Fund balance reserved for inventory of supplies Unreserved and undesignated fund balance Budgetary fund balance Estimated revenues Appropriations Revenues Expenditures Encumbrances Totals Debit $ 100 60 50 800 750 4 $1,764 Credit $ 10 40 12 4 50 18 20 780 830 $1,764 The balance of the Unreserved and Undesignated Fund Balance ledger account on July 1, 2005, was $22,000; there were balances of $6,000 and $40,000, respectively, in the Fund Balance Reserve for Encumbrances and the Fund Balance Reserved for Inventory of Sup- plies accounts on that date. Instructions Prepare a statement of revenues, expenditures, and changes in fund balance and a balance sheet (amounts in thousands) for Weedpatch County General Fund for the year ended June 30, 2006.
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Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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