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The unadjusted trial balance for the general fund of the City of Jordan at June 30, 2015 is as follows:

Debits:

Accounts receivable $ 90,000
Cash 110,000
Due from agency fund 19,000
Encumbrances 18,000
Estimated revenues 1,250,000
Expenditures 1,090,000
Taxes receivable 175,000

Credits:

Allowance for doubtful accounts 15,000
Allowance for uncollectible taxes 35,000
Appropriations 1,180,000
Due to internal service fund 51,000
Fund balance - unassigned 52,000
Reserve for encumbrances 18,000
Revenues 1,130,000
Taxes received in advance 22,000
Vouchers payable 249,000

Supplies on hand at June 30, 2015 totaled $17,000. The $18,000 encumbrance relates to equipment ordered but not received by fiscal year-end.

REQUIRED:

Prepare a balance sheet for the general fund of the City of Jordan at June 30, 2015.

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  • Category:- Accounting Basics
  • Reference No.:- M938462

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