Greenville has provided the following Information from its General Fund Revenues and Appropriations/Expenditure/Encumbrancessubsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $149 (in thousands) and that the budget was notamended during the year.City of GreenvilleGeneral FundSubsidiary Ledger Account Balances (in thousands)Estimated RevenueTaxesFor the Fiscal YearFines & ForfeitsIntergovernmental RevenueCharges for ServicesRevenuesDebits6,048303497370CreditsTaxesFines & ForfeitsIntergovernmental RevenueCharges for ServicesAppropriationsPublic SafetyGeneral Government6,0803084973681,6363,375Public WorksCulture & RecreationInterfund Transfers OutExpendituresGeneral Government1,465724Estimated Other Financing Uses48.1,622Public Safety3,360Public Works1,443Culture & Recreation715EncumbrancesGeneral Government12IPublic Safety13Public Works21232Culture & Recreation0Other Financing UsesInterfund Transfers Out48Requireda. 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).

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).

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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