Mahoning County has the following information available for its general fund as of April 30, 2022. The
Fantastic news! We've Found the answer you've been seeking!
Question:
Mahoning County has the following information available for its general fund as of April 30, 2022. The government's fiscal year ends June 30.
Dr (Cr) | |
Cash | $ 1,000,000 |
Property taxes receivable, net | 3,000,000 |
Estimated revenues | 20,000,000 |
Expenditures | 16,000,000 |
Encumbrances | 1,000,000 |
Accounts payable | (3,500,000) |
Property tax revenues | (16,000,000) |
Appropriations | (19,000,000) |
How much does Mahoning County have available to spend for the remainder of the fiscal year?
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date: