Here is the preclosing December 31, 2020 trial balance for the general fund ofLancaster County:All numbers are in thousands.Debit$ 371,000113,000Estimated revenues1,290,000Estimated other financing sources 60,000General expenditures1,015,00025,000CashTaxes receivableCapital outlayDebt service: principal paymentsDebt service: interest paymentsTransfers outDue from other fundsAllowance for uncollectible taxesAccounts payableDue to other fundsProperty tax revenuesSpeeding ticket revenuesTransfers inBond proceedsAppropriationsEstimated other financing usesFund balance-unassignedTotals2,0008,00020,00012,000Credit$45,00050,00021,000950,000400,0008,00050,0001,085,00022,000285,000$2,916,000 $2,916,000By how much do the closing entries at the end of 2020 increase fund balance-unassigned?$37,000$40,000$73,000$95,000

It is the accounting system in which, the recording of use of resources will be restricted or…

Here is the preclosing December 31, 2020 trial balance for the general fund of Lancaster County: All numbers are in thousands. Debit $ 371,000 113,000 Estimated revenues 1,290,000 Estimated other financing sources 60,000 General expenditures 1,015,000 Capital outlay 25,000 Debt service: principal payments 2,000 Debt service: interest payments 8,000 Cash Taxes receivable Credit

Here is the preclosing December 31, 2020 trial balance for the general fund of Lancaster County: All numbers are in thousands. Debit $ 371,000 113,000 Estimated revenues 1,290,000 Estimated other financing sources 60,000 General expenditures 1,015,000 Capital outlay 25,000 Debt service: principal payments 2,000 Debt service: interest payments 8,000 Cash Taxes receivable Credit

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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Ee 410.
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