Accounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities
17th Edition
ISBN: 9780078025822
Author: Jacqueline L. Reck James E. Rooks Distinguished Professor, Suzanne Lowensohn, Earl R Wilson
Publisher: McGraw-Hill Education
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Chapter 17, Problem 17EP

a.

To determine

Compute the missing amounts, Fund Balance with Treasury-2017 in the trial balance of proprietary accounts, Other Appropriations Realized-2017 in the trial balance of budgetary accounts, and distinguish the debits and credits.

b.

To determine

Ascertain the net additions or reductions to assets other than Fund Balance with Treasuty-2017 for the year 2017.

c.

To determine

Prepare closing entries to close budgetary accounts and operating statement proprietary accounts.

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