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The unadjusted trial balance for the general fund of the City of Jordan

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solution


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Question;The unadjusted trial balance for the general fund of the City of Jordan at June 30, 2015 is as follows:DebitsAccounts receivable $ 90,000Cash 110,000Due from agency fund 19,000Encumbrances 18,000Estimated revenues 1,250,000Expenditures 1,090,000Taxes receivable 175,000CreditsAllowance for doubtful accounts 15,000Allowance for uncollectible taxes 35,000Appropriations 1,180,000Due to internal service fund 51,000Fund balance - unassigned 52,000Reserve for encumbrances 18,000Revenues 1,130,000Taxes received in advance 22,000Vouchers payable 249,000Supplies on hand at June 30, 2015 totaled $17,000. The $18,000 encumbrance relates to equipment ordered but not received by fiscal year-end.REQUIRED:Prepare a balance sheet for the general fund of the City of Jordan at June 30, 2015.

 

Paper#42320 | Written in 18-Jul-2015

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