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The City of Callaghan had the following partial list of pre-closing account balances in its General Fund as of June 30, 2023.

The City of Callaghan had the following partial list of pre-closing account balances in its General Fund as of June 30, 2023.

FINANCIAL ACCOUNTING
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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The City of Callaghan had the following partial list of pre-closing account balances in its General Fund as of June 30, 2023. Appropriations Control Budgetary Fund Balance Budgetary Fund Balance Due to Other Funds Reserve for Encumbrances Encumbrances Control Estimated Other Financing Uses Control Estimated Revenues Control Expenditures Control Fund Balance Other Financing Uses Control-Transfers Out Revenues Control Taxes Receivable-Delinquent Vouchers Payable Debits 107,000 3,660,000 2,877,000 295,000 75,000 Credits $ 2,975,000 385,000 107,000 40,000 300,000 272,000 3,876,000 275,000 Required: Prepare, in good form, a Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the year ended June 30, 2023.
Transcribed Image Text:The City of Callaghan had the following partial list of pre-closing account balances in its General Fund as of June 30, 2023. Appropriations Control Budgetary Fund Balance Budgetary Fund Balance Due to Other Funds Reserve for Encumbrances Encumbrances Control Estimated Other Financing Uses Control Estimated Revenues Control Expenditures Control Fund Balance Other Financing Uses Control-Transfers Out Revenues Control Taxes Receivable-Delinquent Vouchers Payable Debits 107,000 3,660,000 2,877,000 295,000 75,000 Credits $ 2,975,000 385,000 107,000 40,000 300,000 272,000 3,876,000 275,000 Required: Prepare, in good form, a Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the year ended June 30, 2023.
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