Hi, I am in advanced accounting, and we are studying state and local governments. Can you help me create a balance sheet? The following unadjusted trial balance is for the governmental funds of the city of Copeland prepared from the current accounting records: Debit Credit Cash $19,000 taxes receivable 202,000 allowance for uncollectible taxes $2,000 vouchers payable 24,000 due to debt service fund 10,000 unavailable revenues 16,000 encumbrances outstanding 9,000 fund balance-unassigned 103,000 revenues 176,000 expenditures 110,000 encumbrances 9,000 estimated revenues 190,000 appropriations 171,000 budgetary fund balance . 19,000 Totals $530,000 $530,000 Can you help me create a balance sheet?

Hi, I am in advanced accounting, and we are studying state and local governments. Can you help me create a balance sheet? The following unadjusted trial balance is for the governmental funds of the city of Copeland prepared from the current accounting records: Debit Credit Cash $19,000 taxes receivable 202,000 allowance for uncollectible taxes $2,000 vouchers payable 24,000 due to debt service fund 10,000 unavailable revenues 16,000 encumbrances outstanding 9,000 fund balance-unassigned 103,000 revenues 176,000 expenditures 110,000 encumbrances 9,000 estimated revenues 190,000 appropriations 171,000 budgetary fund balance . 19,000 Totals $530,000 $530,000 Can you help me create a balance sheet?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

100%

Hi, I am in advanced accounting, and we are studying state and local governments. Can you help me create a balance sheet? The following unadjusted trial balance is for the governmental funds of the city of Copeland prepared from the current accounting records: Debit Credit

Cash $19,000

taxes receivable 202,000

allowance for uncollectible taxes $2,000

vouchers payable 24,000

due to debt service fund 10,000

unavailable revenues 16,000

encumbrances outstanding 9,000

fund balance-unassigned 103,000

revenues 176,000

expenditures 110,000

encumbrances 9,000

estimated revenues 190,000

appropriations 171,000

budgetary fund balance . 19,000

Totals $530,000 $530,000

Can you help me create a balance sheet?

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions