Prepare balance sheet for the fund in good form

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Question - The following adjusted trial balance is taken from the General Fund of Align City for the year ended June 30.

Allowance for uncollectible taxes

5,000

Cash

126,000

Due from capital projects fund

32,000

Due to debt service fund

19,000

Encumbrances

21,000

Encumbrances outstanding

21,000

Expenditures

60,000

Fund Balance, nonspendable

8,000

Fund Balance, unassigned

14,000

Inventory of supplies

8,000

Other financing sources --  bond proceeds

17,000

Other financing uses -- transfers out

11,000

Revenues

133,000

Taxes receivable

25,000

Unearned (unavailable) grant revenues

43,000

Vouchers payable

23,000

Required - Prepare (post-closing) Balance sheet for the fund in good form.

Reference no: EM133150900

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