The preclosing trial balance of the General Fund for the City of KAYI shows the following balances at the end of its fiscal year. Estimated revenues- property taxes 850,00), Estimated revenues - licenses and fees 70,000, Estimated revenues - investment income 5,000, Appropriations - alaries 800,000, Appropriations- utilities 50,000, Appropriations- equipment 85,000. Revenues- Propert y taxes s850,000, Revenue- Licenses and fees 70,000, Revenue- Investment income 2,000. Expenditures- Salaries 795,0 10, Expenditures-Utilities 49,000, Expenditures- Equipment 82,000. Cash 65,000, Property taxes receivable 10,000. Joucher payable $29,000. Fund balance beginning $50,000. Fund balance at the end of the period O a. $50,000 O b. 560,000 O. $40,000 O d. $46,000
The preclosing trial balance of the General Fund for the City of KAYI shows the following balances at the end of its fiscal year. Estimated revenues- property taxes 850,00), Estimated revenues - licenses and fees 70,000, Estimated revenues - investment income 5,000, Appropriations - alaries 800,000, Appropriations- utilities 50,000, Appropriations- equipment 85,000. Revenues- Propert y taxes s850,000, Revenue- Licenses and fees 70,000, Revenue- Investment income 2,000. Expenditures- Salaries 795,0 10, Expenditures-Utilities 49,000, Expenditures- Equipment 82,000. Cash 65,000, Property taxes receivable 10,000. Joucher payable $29,000. Fund balance beginning $50,000. Fund balance at the end of the period O a. $50,000 O b. 560,000 O. $40,000 O d. $46,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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