(Answered) Question preparation of financial statements and

Accounting

Question: (Preparation of financial statements and interpretation of operating results) Following is the December 31, 2013, trial balance for Radnor City's General Fund. Based on this information, prepare

(a) a statement of revenues, expenditures, and changes in fund balance,

(b) a balance sheet, and

(c) a budgetary comparison schedule. Classify the fund balance as Unassigned. Then, examine the budgetary comparison schedule, and write a short paragraph explaining the results of the year's operations in relation to the budget.

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Accounting Basics, Accounting

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