A. Prepare for the City of Claire General Fund a statement of revenues, expenditures, and changes in
Question:
A. Prepare for the City of Claire General Fund a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2021.
B. Prepare a Balance Sheet at December 31, 2021 for the City of Claire General Fund. City of Claire General Fund Preclosing Trial Balance December 31, 2021
City of Claire General Fund Preclosing Trial Balance December 31, 2021 | ||||
Debit | Credit | |||
CASH | 45,035 | |||
Taxes Receivable-Delinquent | 28,000 | |||
Allowance for Uncollectible Taxes-Del | 6,700 | |||
Interest and Penalties Receivable on Taxes | 1,280 | |||
Allowance for Uncollectible Interest & Penalties | 140 | |||
Accounts Receivable | 5,000 | |||
Allowance for Uncollectible Accounts | 1,000 | |||
Vouchers Payable | 63,500 | |||
Encumbrances Outstanding | 53,000 | |||
Fund Balance | 21,425 | |||
Budgetary Fund Balance | 6,000 | |||
Encumbrances | 57,000 | |||
Estimated Revenues | 110,000 | |||
Appropriations | 108,000 | |||
Taxes Receivable-Current | 0 | |||
Allowances for Uncollectible Taxes-Current | 0 | |||
Taxes Revenue | 104,500 | |||
Salaries and Wages-Expenditures | 45,000 | |||
Materials-Expenditures | 30,500 | |||
Rent Expenditures | 15,000 | |||
Capital Outlay | 28,000 | |||
Interest and Penalties Revenue | 550 | |||
Total | 364,815 | 364,815 | ||
Expert Answer:
Statement of Revenues Expenditures and Changes in Fund Balance For the Year Ended December 3... View the full answer
