Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Nov 2017 My Price 8.00

Changes in Fund Balance.

Statement of Revenues, Expenditures, and Changes in Fund Balance. The pre-closing trial balance for the Annette County Public Works Capital Project Fund is provided below.

 

Debits

Credits

Cash

$ 701,000

  

Grant Receivable

500,000

  

Investments

800,000

  

Contract Payable

  

$ 835,000

Contract Payable—Retained Percentage

  

24,000

Reserve for Encumbrances

  

1,500,000

Revenues

  

680,000

Encumbrances

1,500,000

  

Construction Expenditures

3,338,000

  

Other Financing Sources—Proceeds of Bonds

  

3,800,000
 

$6,839,000

$6,839,000

Required

a. Prepare the June 30, 2011, statement of revenues, expenditures, and changes in fund balance for the capital projects fund.

b. Has the capital project been completed? Explain your answer.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Nov 2017 09:11 PM My Price 8.00

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