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Prepare Statement Of Expenditures, Fund Balances And Changes In Fund Balance

Question

The City of Stromfield had, among others, the following pre-closing account balances in its General Fund as of June 30, 2004.

 

Debits

Credits

Appropriations

 

3,000,000

Cash

811,000

 

Due to Other Funds

 

35,000

Encumbrances

102,000

 

Estimated Revenues

3,550,000

 

Expenditures

2,970,000

 

Beginning Fund Balance As of 7/1/2003

 

300,000

Revenues

 

3,601,000

Taxes Receivable

150,000

 

Accounts Payable

 

275,000

 

Required:

Prepare, in good form, a Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the year ended June 30, 2004.

 

Summary

The question belongs to Accounting and it discusses about preparing statement of revenues, expenditures and changes in fund balances for the general fund.

Total Word Count 45

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