ACCOUNTING F/GOV.+..(LL)-W/CODE>CUSTOM<
ACCOUNTING F/GOV.+..(LL)-W/CODE>CUSTOM<
18th Edition
ISBN: 9781264107919
Author: RECK
Publisher: MCG CUSTOM
Question
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Chapter 4, Problem 28EP

a.

To determine

Prepare journal entries for the Endowment Fund transactions for the year ending June 30, 2020.

b-(1).

To determine

Prepare PDL Endowment Fund balance sheet for City F as of June 30, 2020.

b-(2).

To determine

Prepare a statement of revenues, expenditures, and changes in fund balance of PDL Endowment Fund for City F for the year ended June 30, 2020.

c.

To determine

Indicate the type fund PDL endowment should be classified as, and explain whether the fund requires budgetary entries.

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