Required: 1. Prepare the closing entry for General Fund accounts (both budgetary and actual events). 2 Calculate the fund balance ending for Al Khor City.
Required: 1. Prepare the closing entry for General Fund accounts (both budgetary and actual events). 2 Calculate the fund balance ending for Al Khor City.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
please help me
![B. The following information appeared from the adjusted trial balance of the public finances of Al
Khor City at the end of the 2016 fiscal year:
Actual fund balance, beginning
Estimated revenues
Appropriations
Revenues (actual(
Expenditures
59715
150,000
620,000
610,000
625,000
605,000
Required:
1. Prepare the
closing entry for General Fund accounts (both budgetary and actual events).
2. Calculate the fund balance ending for Al Khor City.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18c48f75-db4f-470e-a220-102cceb01c6a%2Fea77515d-c7b8-4f31-a675-f57f630c6481%2Fymyknn8p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:B. The following information appeared from the adjusted trial balance of the public finances of Al
Khor City at the end of the 2016 fiscal year:
Actual fund balance, beginning
Estimated revenues
Appropriations
Revenues (actual(
Expenditures
59715
150,000
620,000
610,000
625,000
605,000
Required:
1. Prepare the
closing entry for General Fund accounts (both budgetary and actual events).
2. Calculate the fund balance ending for Al Khor City.
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