(Solution Download) The pre closing account balances of the general fund of the


The pre-closing account balances of the general fund of the City of Batavia on June 30, 2015, were as follows:
Debits
Cash...............................................$80,000
Taxes receivable-delinquent..................160,000
Due from County..................................18,000
Estimated revenues...........................1,000,000
Expenditures.....................................940,000
Nonreciprocal transfers out......................10,000
Encumbrances.....................................20,000
.................................................$2,228,000
Credits
Allowance for uncollectible taxes-delinquent........$30,000
Vouchers payable............................................58,000
Notes payable................................................60,000
Reserve for encumbrances..................................20,000
Fund balance-unassigned................................120,000
Revenues.....................................................980,000
Appropriations..............................................960,000
............................................................$2,228,000
The fund balance-unassigned at the beginning of the year was $80,000, and there were no carryover encumbrances at the beginning of the fiscal year. The end of year encumbrances are a result of enabling legislation.
REQUIRED
1. Prepare a statement of revenues, expenditures, and changes in total fund balance for the year ended June 30, 2015.
2. Prepare a general fund balance sheet at June 30, 2015.

 







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