Following is Grant County's debt service fund pre-closing trial balance for the fiscal year ended June 30. GRANT COUNTY Debt Service Fund Pre-closing Trial Balance June 30 Cash Investments Fund Balance-Restricted Budgetary Fund Balance Estimated Other Financing Sources Revenue-Sales Taxes Estimated Revenue Revenue-Investment Earnings Other Financing Sources-Interfund Transfers In Other Financing Sources-Proceeds of Refunding Bonds Appropriations Estimated Other Financing Uses Expenditures-Bond Interest Expenditures-Bond Principal Other Financing Uses-Payment to Escrow Agent Using Information provided by the trial balance, answer the following. Debits Credits $ 295,000 64,000 $ 63,600 ? 6,165,000 2,614,500 1,479,400 13,000 176,000 7,370,000 7,370,000 1,373,000 503,000 870,000 7,370,000 Required e. Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ended June 30. (Negative amounts should be Indicated by a minus sign.)
Following is Grant County's debt service fund pre-closing trial balance for the fiscal year ended June 30. GRANT COUNTY Debt Service Fund Pre-closing Trial Balance June 30 Cash Investments Fund Balance-Restricted Budgetary Fund Balance Estimated Other Financing Sources Revenue-Sales Taxes Estimated Revenue Revenue-Investment Earnings Other Financing Sources-Interfund Transfers In Other Financing Sources-Proceeds of Refunding Bonds Appropriations Estimated Other Financing Uses Expenditures-Bond Interest Expenditures-Bond Principal Other Financing Uses-Payment to Escrow Agent Using Information provided by the trial balance, answer the following. Debits Credits $ 295,000 64,000 $ 63,600 ? 6,165,000 2,614,500 1,479,400 13,000 176,000 7,370,000 7,370,000 1,373,000 503,000 870,000 7,370,000 Required e. Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ended June 30. (Negative amounts should be Indicated by a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Following Is Grant County's debt service fund pre-closing trial balance for the fiscal year ended June 30.
GRANT COUNTY
Debt Service Fund
Pre-closing Trial Balance
Cash
Investments
Fund Balance-Restricted
June 30
Estimated Other Financing Sources
Budgetary Fund Balance
Estimated Revenue
Revenue-Sales Taxes
Revenue-Investment Earnings
Other Financing Sources-Interfund Transfers In
Other Financing Sources-Proceeds of Refunding Bonds
Estimated Other Financing Uses
Appropriations
Expenditures-Bond Interest
Expenditures-Bond Principal
Other Financing Uses-Payment to Escrow Agent
Using Information provided by the trial balance, answer the following.
Debits
Credits
$ 295,000
64,000
$
63,600
?
6,165,000
2,614,500
1,479,400
13,000
176,000
7,370,000
7,370,000
1,373,000
503,000
870,000
7,370,000
Required
e. Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ended June 30.
(Negative amounts should be Indicated by a minus sign.)
GRANT COUNTY
Debt Service Fund
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Year Ended June 30
Revenues:
Total Revenues
Expenditures:
0
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