Prepare fund financial statements for general fund

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Reference no: EM131880752

Question: 1/15 Greene County collected $90,000 in general property tax

2/4 it paid $45,000 of general wages

3/15 it ourchased and used $4,000 of supplies

4.7 it collected $40,000 of hotel occupancy tax that must be used to promote tourism

5/18 it purchased police cars for $30,000 cash

6/20 it issued $200,000 in bonds to finance the purchase of an office building

12/12 with the bond money it purchased an office building for $150,000

Required : 1) Prepare the journal entries for the above transactions

2) Post the journal entries to T accounts

3) Prepare fund financial statements for General Fund, Special Revenue Fund and Capital Projects Fund.

Reference no: EM131880752

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