K18 X V fx A B C D E F G H I J K M N 0 P Q R S T U V W X Assets 2 Cash 3 Taxes Reveivable - Deliquent enter links in grey shaded areas 4 Less Allowance Uncollectible 5 Interest and Penalties Receivable on Taxes 6 Less Estimated Uncollectibles Due from State Government 8 Total Assets S 10 Liabilities and Fund Equity 11 Liabilities 12 Accounts Payable 13 Due to Other funds 14 Total Liabilities S 15 16 Deferred Inflows 17 Property Taxes 18 Fund Equity 19 Fund Balance - Assigned (for outstanding encumbrances) 20 Fund Balance - Unassigned 21 Total Fund Equity 22 23 Total Liabilities, Deferred Inflows and Fund Equity S 24 25 26 27 28 29 30 38 General Fund Journal Entries General Fund T-accounts Closing Entries Stmt of revenues & expenditures Balance Sheet +D41 Y : X V fx A B C D E F G H K 1 2 Revenues 3 Property Taxes $6,657,500 Blue shaded cells were given as part of the problem. Sales Taxes 2,942,000 5 Interest and Penalties on Taxes 16,100 6 Licenses and Permits 800,000 7 Intergovernmental Revenues 332,000 8 Miscellaneous Revenues 350,000 9 10 Total Revenues $ 11,097,600 $ 11,097,600 11 12 Expenditures 13 Current: 14 General Government $1,646,900 15 Public Safety 3,026,900 16 Highways and Streets 1,441,400 17 Sanitation 591,400 18 Health 724,100 19 Welfare 374,300 20 Culture and Recreation 917,300 21 Capital Outlay 492,800 22 Total Expenditures 9,215,100 9,215, 100 23 24 Excess (Deficiency) of Revenues Over Expenditures 1,882,500 25 26 Other Financing Sources (Uses) 27 Transfers Out enter links in grey shaded areas 28 Total Other Financing Sources (Uses) 29 30 Net Change in Fund Balance 1,882,500 31 Fund Balance, January 1 32 Fund Balance, December 31 $ 1,882,500 33 34 35 36 37 38 39 40 41 General Fund Journal Entries General Fund T-accounts Closing Entries Stmt of revenues & expenditures Balance Sheet + Ready " - 100%