Hi, I am in Advanced Acc. and I need to create a closing worksheet for a government fund. The following trial balance is taken form the General Fund of the City of Jennings for the year ending December 31, 2017. debit credit accounts payable $90,000 cash $30,000 contracts payable 90,000 unavailable revenues 40,000 due from capital projects fund 60,000 due to debt service funds 40,000 expenditures 530,000 fund balance-unassigned 170,000 investments 410,000 revenues 760,000 other financing sources-bond proceeds 300,000 other financing sources-transfers in 50,000 other financing uses-transfers out 470,000 taxes receivable 220,000 vouchers payable . 180000 Totals $1,720,000 $1,720,000 Can you help me make a closing worksheet for a Governmental Fund?
Hi, I am in Advanced Acc. and I need to create a closing worksheet for a government fund. The following
debit credit
accounts payable $90,000
cash $30,000
contracts payable 90,000
unavailable revenues 40,000
due from capital projects fund 60,000
due to debt service funds 40,000
expenditures 530,000
fund balance-unassigned 170,000
investments 410,000
revenues 760,000
other financing sources-bond proceeds 300,000
other financing sources-transfers in 50,000
other financing uses-transfers out 470,000
taxes receivable 220,000
vouchers payable . 180000 Totals $1,720,000 $1,720,000
Can you help me make a closing worksheet for a Governmental Fund?
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