Use the Smithville_GL_Solid Waste Disposal Fund.docx to complete the steps in the Chapter Seven instructions for the
Question:
Use the Smithville_GL_Solid Waste Disposal Fund.docx to complete the steps in the Chapter Seven instructions for the City of Smithville.
General Ledger
City of Smithville
6 - Solid Waste Disposal Fund
Year | Ref | Account Description | Debits | Credits | Balance Dr(Cr) |
Cash | |||||
2019 | 101 | 7-a | 265,000 | 265,000 | |
2020 | 102 | 7-b-2 | 195,300 | 69,700 | |
2020 | 102 | 7-b-4 | 2,551,541 | 2,621,241 | |
2020 | 102 | 7-b-5 | 1,463,379 | 1,157,862 | |
2020 | 102 | 7-b-7 | 860,600 | 297,262 | |
Customer Accounts Receivable | |||||
2019 | 101 | 7-a | 117,100 | 117,100 | |
2020 | 102 | 7-b-1 | 2,566,462 | 2,683,562 | |
2020 | 102 | 7-b-4 | 2,529,741 | 153,821 | |
Allowance for Doubtful Accounts | |||||
2019 | 101 | 7-a | 6,140 | (6,140) | |
2020 | 102 | 7-b-10 | 960 | (7,100) | |
Due to Other Funds | |||||
2019 | 101 | 7-a | 6,400 | 6,400 | |
2020 | 102 | 7-b-1 | 18,200 | 24,600 | |
2020 | 102 | 7-b-4 | 21,800 | 2,800 | |
Inventories | |||||
2019 | 101 | 7-a | 54,060 | 54,060 | |
2020 | 102 | 7-b-3 | 896,320 | 950,380 | |
2020 | 102 | 7-b-6 | 875,797 | 74,583 | |
Land | |||||
2019 | 101 | 7-a | 600,000 | 600,000 | |
Buildings | |||||
2019 | 101 | 7-a | 1,650,000 | 1,650,000 | |
Accumulated Depreciation-Buildings | |||||
2019 | 101 | 7-a | 791,250 | (791,250) | |
2020 | 102 | 7-b-8 | 41,250 | (832,500) | |
Year | Ref | Account Description | Debits | Credits | Balance Dr(Cr) |
Equipment | |||||
2019 | 101 | 7-a | 1,340,400 | 1,340,400 | |
2020 | 102 | 7-b-2 | 395,300 | 1,735,700 | |
Accumulated Depreciation-Equipment | |||||
2019 | 101 | 7-a | 755,640 | (755,640) | |
2020 | 102 | 7-b-8 | 134,040 | (889,680) | |
Vouchers Payable | |||||
2019 | 101 | 7-a | 45,180 | (45,180) | |
2020 | 102 | 7-b-3 | 896,320 | (941,500) | |
2020 | 102 | 7-b-7 | 848,600 | (92,900) | |
Due to Other Funds | |||||
2019 | 101 | 7-a | 12,000 | (12,000) | |
2020 | 102 | 7-b-7 | 12,000 | 0 | |
Accrued Payroll and Fringe Benefits | |||||
2019 | 101 | 7-a |
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne