question i am in governmental accounting doing the city of monroe continuing problem 4279450
Question
I am in governmental Accounting doing the City of Monroe continuing problem. I am on part 4-c part 2- Special Revenue Fund Transactions. I have the T account balances… which I can list below.
It is now asking for a balance sheet and THIS IS WHAT I NEED ANSWERED.. They provided me with the following template.
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CASH |
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INVESTMENTS |
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STATE GOV'T |
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bb |
21,000 |
923,000 |
6 |
bb |
59,000 |
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bb |
109,000 |
985,000 |
2 |
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2 |
985,000 |
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1 |
1,072,000 |
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5 |
5,120 |
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88,120 |
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59,000 |
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196,000 |
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TOTAL FUND BALANCE |
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ACCOUNTS PAYABLE |
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(beginning of year) |
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9,000 |
bb |
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180,000 |
bb |
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1,030,500 |
4 |
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6 |
923,000 |
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116,500 |
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180,000 |
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REVENUES |
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REVENUES |
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EXPENDITURES – STREET |
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INTERGOVERNMENTAL |
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INVESTMENT INTEREST |
& HIGHWAY MAINTENANCE |
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1,072,000 |
1 |
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5,120 |
5 |
4 |
1,030,500 |
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1,072,000 |
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5,120 |
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1,030,500 |
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BUDGETARY ACCOUNTS |
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BUDGETARY |
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ESTIMATED REVENUES |
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APPROPRIATIONS |
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FUND BALANCE |
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3-C B |
1,068,000 |
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1,047,000 |
3-C B |
7 |
4,500 |
21,000 |
3-C B |
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4,500 |
7 |
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1,068,000 |
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1,051,500 |
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16,500 |
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BUDGETARY FUND BALANCE |
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RESERVE FOR ENCUMBRANCES |
RESERVE FOR ENCUMBRANCES |
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ENCUMBRANCES |
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– |
bb |
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3 |
1,062,000 |
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1,062,000 |
3 |
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1,043,000 |
4 |
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4 |
1,043,000 |
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19,000 |
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19,000 |
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Total Debits |
2,460,620 |
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Total Credits |
2,460,620 |
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