Prepare a statement of changes in fiduciary net position for the Tax Custodial Fund. Statement of Changes
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Question:
Prepare a statement of changes in fiduciary net position for the Tax Custodial Fund.
Statement of Changes in Fiduciary Net Position: Total Additions: 13,687,520 Total Deductions: 13,687,520
City of Smithville | |||
Tax Custodial Fund | |||
Pre-closing Trial Balance | |||
For year 2020 | |||
Debits | Credits | ||
Taxes Receivable for Other Funds and Governments-Delinquent | $ 1,952,510 | ||
Due to Other Funds and Governments | $ 1,952,510 | ||
Additions-Property Tax Collections for Other Governments | 13,687,520 | ||
Deductions-Administrative Fee | 136,874 | ||
Deductions-Payments of Property Taxes to Other Governments | 13,550,646 | ||
Totals for all accounts | $ 15,640,030 | $ 15,640,030 |
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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