subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $140 (in thousands) and that the budget was notamended during the year.Subsidiary Ledger Account Balances (in thousands)For the Fiscal YearEstimated RevenueTaxesFines & ForfeitsCity of GreenvilleGeneral FundIntergovernmental RevenueCharges for ServicesRevenuesTaxesFines & ForfeitsIntergovernmental RevenueCharges for ServicesAppropriationsGeneral GovernmentPublic SafetyPublic WorksCulture & RecreationEstimated Other Financing UsesInterfund Transfers OutExpendituresGeneral GovernmentPublic SafetyPublic WorksCulture & RecreationEncumbrancesGeneral GovernmentPublic SafetyPublic WorksDCulture & RecreationOther Financing UsesInterfund Transfers OutDebits6,0483034843701,6223,3471,44370312610036Credits6,0543084843681,6253,3751,45472436Requireda. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance.b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budgetis prepared on a GAAP basis).

Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis).

Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis).

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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