The following adjusted trial balance is taken from the General Fund of Avon City for the year ended June 30. Prepare a (post-closing) Balance sheet. Allowance for uncollectible taxes Cash Due from capital projects fund Due to debt service fund Encumbrances Encumbrances outstanding Expenditures Fund Balance, nonspendable Fund Balance, unassigned Inventory of supplies Other financing sources -- bond proceeds Other financing uses -- transfers out Revenues Taxes receivable Unearned (unavailable) grant revenues Vouchers payable 5,000 121,000 32,000 19,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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The following adjusted trial balance is taken from the General Fund of Avon City for the year ended June 30. Prepare a (post-closing) Balance sheet.

Allowance for uncollectible taxes

Cash

Due from capital projects fund

Due to debt service fund

Encumbrances

Encumbrances outstanding

Expenditures

Fund Balance, nonspendable

Fund Balance, unassigned

Inventory of supplies

Other financing sources -- bond proceeds

Other financing uses -- transfers out

Revenues

Taxes receivable

Unearned (unavailable) grant revenues

Vouchers payable

5,000

121,000

32,000

19,000

23,000

23,000

57,000

9,000

14,000

9,000

18,000

12,000

130,000

25,000

38,000

23,000

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