Debit Credit Accounts Payable.. $ 90,000 Cash $ 30,000 Contracts Payable. Unavailable Revenues. 90,000 40,000 Due from Capital Projects Funds. Due to Debt Service Funds.. 60,000 40,000 Expenditures..... Fund Balance-Unassigned 530,000 170,000 Investments 410,000 Revenues. 760,000 300,000 Other Financing Sources-Bond Proceeds Other Financing Sources-Transfers In Other Financing Uses-Transfers Out.. 50,000 470,000 Taxes Receivable 220,000 Vouchers Payable.. 180,000 Totals. $1,720,000 $1,720,000

Debit Credit Accounts Payable.. $ 90,000 Cash $ 30,000 Contracts Payable. Unavailable Revenues. 90,000 40,000 Due from Capital Projects Funds. Due to Debt Service Funds.. 60,000 40,000 Expenditures..... Fund Balance-Unassigned 530,000 170,000 Investments 410,000 Revenues. 760,000 300,000 Other Financing Sources-Bond Proceeds Other Financing Sources-Transfers In Other Financing Uses-Transfers Out.. 50,000 470,000 Taxes Receivable 220,000 Vouchers Payable.. 180,000 Totals. $1,720,000 $1,720,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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