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Prepare the appropriate journal entry in the general fund to reclassify amounts

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At the year end, an analysis by the city?s finance department determined the following constraints on resources in the general fund. Prepare the appropriate journal entry in the general fund to reclassify amounts between fund balance ?Unassigned and the fund balance accounts corresponding to the constraints shown below.;Fund balance assigned Want this Bal Have;General Govt 55,660 30,560;Fund balance assigned;Culture and recreation 7,500 0;Fund balance committed;Public safety 11,400 15,200;Fund balance committed;Public works 36,790 28,300

 

Paper#24204 | Written in 18-Jul-2015

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