User Account

All Pages

Prepare a general fund schedule of revenues

Assignment Help Accounting Basics
Reference no: EM132461111

Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $141 (in thousands) and that the budget was not amended during the year.

City of GreenvilleGeneral FundSubsidiary Ledger Account Balances (in thousands)For the Fiscal Year Debits CreditsEstimated

Revenue Taxes                           6,048

Fines & Forfeits                                 303

Intergovernmental Revenue                   486

Charges for Services                             370

Revenues Taxes                                 6,055

Fines & Forfeits                                    308

Intergovernmental Revenue                    486

Charges for Services                             368

Appropriations General Government        1,627

Public Safety                                     3,375

Public Works                                        1,455

Culture & Recreation                                 724

Estimated Other Financing Uses Interfund Transfers Out 38

Expenditures General Government              1,622

Public Safety                                         3,349

Public Works                                          1,443

Culture & Recreation                                  704

Encumbrances General Government                   4

Public Safety                                               25

Public Works                                                 10

Culture & Recreation 0

Other Financing Uses Interfund Transfers Out 38

Required

Question 1: Prepare a General Fund statement of revenues, expenditures, and changes in fund balance.

Question 2: Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis).

Reference no: EM132461111

Questions Cloud

Create financial statements for HHL : HHL pays in cash for a 2-year malpractice insurance premium at a cost of $5 million. Create financial statements for HHL
Prepare revised income statements for budget stores : Prepare revised income statements for Budget Stores for each of the two years. Ignore the effect of income taxes. Enter answers in thousands of dollars.
What is the equilibrium price and quantity of beer : Calculate the consumer surplus and producer surplus at the equilibrium price. Identify CS and PS on your diagram.
Overseas that is produced in the us : What product would you take overseas that is produced in the U.S? Justify the reasoning around that product and what country would you introduce it to and why?
Prepare a general fund schedule of revenues : Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis)
Explain how google used at least one characteristic : Select and explain how Google used at least one Characteristic, one Psychological, and one Outcome from the Job Characteristic Model in this video
What is the drop in value of a share of Summit Systems : Summit Systems has an equity cost of capital of 11.0%, What is the drop in value of a share of Summit Systems stock based on this information
What is the present value of the cash flows : If the discount rate is 10% what is the Present Value of the Cash Flows generated. (rounded to the nearest integer in million dollars).
What happens when demand for cheap labor increases : What happens when demand for cheap labor increases? What happens to workers who are supplying the labor as the market evolves? What happens to wage rates?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Varilux manufactures a single product and sells it for 10

varilux manufactures a single product and sells it for 10 per unit. at the beginning of the year there were 1000 units

  Compute cost of goods manufactured

Raw materials inventory $22,000 $30,000 Work in process inventory 20,300 17,200, Compute cost of goods manufactured

  Determine how much cash was received from the disposal

Required: Determine how much cash was received from the disposal of PPE and how much cash was used to acquire PPE throughout the year

  Determine and print gross pay by department

Determine and print gross pay by department. Determine the largest and smallest payroll transaction (gross pay) for the month of September (Quick Sort).

  How do dividends impact the value of a share of stock are

1. what are some of the most important risks associated with bonds?2. how do dividends impact the value of a share of

  Match the term to the correct definition

Decrease in equity that occurs from using assets or increasing liabilities in the course of delivering goods or services to customers.

  Compute the monthly break-even point for the new toy

Compute the monthly break-even point for new toy in unit sales and in dollar sales. How many units must sold each month to make a monthly profit of $10,962?

  What statements are key targets for the manipulation

What statements are key targets for this manipulation, and what accounts found in the statements are the main focus? How can this fraudulent information.

  Equity for the fiscal year ended december

The stockholders' equity T accounts of For All Occasions Greeting Cards Inc. for the current fiscal year ended December 31, 2010, are as follows.

  The payroll of delaney company for september 2010 is as

the payroll of delaney company for september 2010 is as followstotal payroll was 480000 of which 140000 is exempt from

  What are cost drivers?

What are cost drivers? How do cost drivers relate to cost pools? Name two or three different cost drivers for each of these cost pools

  What did you learn about the field of managerial accounting

What did you learn about the field of managerial accounting that might help you to excel in your profession

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd