Adjusted trial balance-prepare balance sheet

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Reference no: EM131265839

The following adjusted trial balance is taken from the General Fund of the Pineapple City for the year ended June 30. Prepare a (post-closing) Balance Sheet.

Allowance for uncollectible taxes 1,000

Cash 64,000

Due from capital projects fund 18,000

Due to debt service fund 12,000

Encumbrances 8,000

Encumbrances outstanding 8,000

Expenditures 55,000

Fund Balance, nonspendable 3,000

Fund Balance, unassigned 10,000

Inventory of supplies 3,000

Other financing sources -- bond proceeds 8,000

Other financing uses -- transfers out 3,000

Revenues 90,000

Taxes Receivable 10,000

Unearned grant Revenues 16,000

Vouchers Payable 13,000

Reference no: EM131265839

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