The following information is taken from the trial balance of the General Obligation Debt Service Fund of
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City of Milwaukee, Wisconsin General Obligation Debt Service Fund Partial Trial Balance December 31,20X5 (in $000s) Debit Credit $128,823 43,807 52,942 14,695 3,418 8,214 28,112 12,209 31,930 Fund balance....R.. Property tax revenues . . Other revenues Refunding bonds issued face value. Transfers in Expenditures-interest. Bond issue costs Payment to refunded bond escrow agent.. $81,206 29,593 750 39,571
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Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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