Hi, I am in advanced accounting and doing a balance sheet for state and local government. Can you help me create a balance sheet for the capital projects fund? The following unadjusted trial balances are for the governmental funds of the city of Copeland prepared from the current accounting records: Capital projects fund debit credit cash $70,000 special assessments receivable 90,000 contracts payable $50,000 unavailable revenues 90,000 encumbrances outstanding 16,000 fund balance-unassigned 0 other financing sources 150,000 expenditures 130,000 encumbrances 16,000 estimated other financing sources 150,000 appropriations . 150,000 Totals $456,000 $456,000 Can you help me create a balance sheet?(show calculations if possible)
Hi, I am in advanced accounting and doing a
Capital projects fund debit credit
cash $70,000
special assessments receivable 90,000
contracts payable $50,000
unavailable revenues 90,000
encumbrances outstanding 16,000
fund balance-unassigned 0
other financing sources 150,000
expenditures 130,000
encumbrances 16,000
estimated other financing sources 150,000
appropriations . 150,000
Totals $456,000 $456,000
Can you help me create a balance sheet?(show calculations if possible)
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