ACCOUNTING FOR PUBLIC SECTOR .....student Number.. Student name.. Assignment on ch 3 1. Find the missing amounts : The f

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Accounting For Public Sector Student Number Student Name Assignment On Ch 3 1 Find The Missing Amounts The F 1 (127.62 KiB) Viewed 31 times

ACCOUNTING FOR PUBLIC SECTOR .....student Number.. Student name.. Assignment on ch 3 1. Find the missing amounts : The following schedule shows the amounts related to supplies that a city debited and credited to the indicated accounts during a year (not necessarily the year-end balances), excluding closing entries. The city began the year with fund balance reserved for encumbrances $3,000 (the government reappropriates outstanding commitments). And the city used all supplies received. The city records its budget by making one summarized journal entry, encumbers all its expenditures, and initially vouchers all payments. All revenue was collected in cash. Some information is missing. You are to determine the missing data. Debits 60.000 A 70.000 Credits 70,000 48,000 0 65,000 0 Cash AP Estimated revenues Appropriations Encumbrances Expenditures revenues Reserve for encumbrances Fund balance unassigned B C D 0 0 50.000 E 55.000 F 0 ANSWER FORM A D E B 2. Make closing entry lies ? (You can make one summarized journal entry if you want. 3. Determine total fund balance 31/12 assuming unassigned fund balance 1/1: 15.000 4. what is the balance in unassigned fund balance 31/12 (United States)