ACCT567 Week 2 Problems 3 9 and 4 4 4 6 4 10

ACCT567 Week 2 Problems (3-9) and (4-4) - (4-6) - (4-10) a) Estimated Revenues Budgetary Fund Balance Appropriations Estimated Revenues Ledger: Taxes Licenses and Permits Fines and Forfeits Intergovernmental Revenues Appropriations Ledger: General Government Public Safety Public Works Parks and Recreation Miscellaneous b) 1 Cash Revenues Revenues Ledger: Licenses and Permits Fines and Forfeits 2 Encumbrances-2011 Reserve for Encumbrances-2011 Encumbrances Ledger: General Government Public Safety Public Works Parks and Recreation Miscellaneous 3 Reserve for Encumbrances -2011 Encumbrances -2011 Expenditures -2011 Cash Encumbrances Ledger: General Government Public Safety Public Works Parks and Recreation Miscellaneous Expenditures Ledger: General Government Public Safety Public Works Parks and Recreation Miscellaneous c) Source Property Taxes Licenses and Permits Fines and Forfeits Intergovernmental Total d) General Government Public Safety Public Works Parks and Revreations Miscellaneous Total a) Levy $2,660,000 98% Rate $2,714,286 $1,357,143 b) Taxes Receivable-Current Estimated Uncollectible Current Taxes Revenues c) Cash Taxes Receivable-Current Taxes Receivable-Deliquent Taxes Receivable-Current Estimated Uncollectible Current Taxes Estimated Uncollectible Deliquent Taxes Interest and Penalties Receivable Estimated Uncollectible Interest and Penalties Revenues 1 1-May-11 Grant From State Government Deferred Revenues 2 1-Jul-11 Cash Grant From State Government Deferred Revenues Revenues 3 During FY 2012 Expenditures Vouchers Payable (or Cash) 4 1-Jul-12 Cash Grant From State Government Deferred Revenues Revenues a) General Fund: 1 Estimated Revenues Appropriations Budgetary Fund Balance 2 General Fund: Cash Expenditures 2011 Tax Anticipation Notes Payable Government Activities: Cash Interest on Tax Anticipation Notes Tax Anticipation Notes Payable 3 General Fund: Taxes Receivable-Current Estimated Uncollectible Current Taxes Revenues Government Activities: Taxes Receivable Current Taxes Estimated Uncollectible Current Taxes General Revenues-Property Taxes 4 General Fund: Encumbrances - 2011 Reserve for Encumbrances-2011 5 General Fund and Governmental Activities: Taxes Receivable-Current Revenues 6 General Fund and Governmental Activities: Cash Taxes Receivable-Current Taxes Receivable-Deliquent Interest and Penalties Receivable 7 General Fund: Interest and Penalties Receivable Estimated Uncollectible interest and Penalties Revenues Governmental Activities: Interest and Penalties Receivable Estimated Uncollectible interest and Penalties General Revenues-Interest and Penalties on Deliquent Taxes 8 General Fund: Budgetary Fund Balance Estimated Revenues 9 General Fund: Expenditures-2011 Due to Federal Government Due to State Government Cash Governmental Activities: Expenses Due to Federal Government Due to State Government Cash 10 General Fund: Expenditures-2011 Due to Federal Government Expenses Due to Federal Government 11 General Fund: Cash Revenues Governmental Activities: Cash Revenues 12 General Fund and Governmental Activities: Due to Federal Government Due to State Government Vouchares Payable 13 General Fund: Reserve for Encumbrances-2011 Encumbrances-2011 Expenditures-2011 Vouchers Payable Expenses Vouchers Payable 14 General Fund: Vouchers Payable Cash Expenditures-2011 Governmental Activities: Vouchers Payable Cash Expenses 15 General Fund and Governmental Activities: Tax Anticipation Notes Payable Cash 16 General Fund and Governmental Activities: Taxes Receivable Delinquent Taxes Receivable Current Estimated Uncollectible Current Taxes Estimated Uncollectible Deliquent Taxes 17 General Fund: Inventory of Supplies Reserve for Inventory of Supplies Governmental Activities: Inventory of Supplies Expenses b) General Fund: Appropriations Estimated Revenues Budgetary Fund Balance Revenues Expenditures-2011 Fund Balance Fund Balance Encumbrances-2011 c) Cash Taxes Receivable-Deliquent Less: Estimated Uncollectible Taxes-Deliquent Interest and Penalties Receivable Less: Estimated Uncollectible Interest and Penalties Material and Supplies Inventory Total Assets Liabilities: Voucher Payable Fund Balances reseved for Inventory of Supplies Reserved for Encumbrances-2011 Fund Balance Total Fund Balances Total Liabilities and Fund Balances d) Revenues: Taxes Interest and Penalties on Taxes Other Sources Total Revenues Expenditures: 2011 Salaries and Wages Interest on Note Payable Other Total Expenditures Excess of Revenues Over Expenditures Increase in Reserve for Inventory of Supplies Fund Balances, May 1, 2010 Fund Balances, April 30, 2011

ACCT567 Week 2 Problems (3-9) and (4-4) - (4-6) - (4-10)

A+ Please look at the attach...

• ACCT567-Week-2-Problems-3-9-and-4-4-4-6-4-10.xlsx 28 KB