Given the following pre-closing trial balance, prepare the Balance Sheet CITY OF LASALLE General Fund Trial Balance December 31, 2017 Debit Credit Estimated Revenues...

3.7 Ratings (400 Votes)

CITY OF LASALLE
BALANCE SHEET
AS AT DECEMBER 31, 2017

ASSETS	$	LIABILITIES	$
CURRENT ASSETS			LIABILITIES
Due from Federal Government	$200,000.00	Tax Refunds Payable		$800,000.00
Taxes Receivable		$600,000.00	Vouchers Payable		$100,000.00
Cash			$500,000.00	Due to Other Funds		$150,000.00
Supplies			$50,000.00	Deferred Real Estate Taxes	$50,000.00
Other Financing Uses- Transfers	$550,000.00	Other Financing Sources- Bonds Proce	$450,000.00

ESTIMATIONS			FUNDS & BALANCES
Estimated Revenues and Grants	$2,300,000.00	Funds Balance- Nonspendable	$50,000.00
Estimated Other Financing Sources	$400,000.00	Funds Balance - Unassigned	$50,000.00
				Income for the Year		$200,000.00
				Allowance for Uncollectible Taxes	$50,000.00

				ESTIMATIONS
				Appropriations		$2,150,000.00
				Estimated Other Financing Uses	$500,000.00
				Budgetary Fund Balance		$50,000.00


			4600000				4600000

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CITY OF LASALLE
		General Fund
Trial Balance
December 31, 2017

	Debit	Credit
Estimated Revenues and Grants	Â Â Â Â 2,300,000
Estimated Other Financing Sources	Â Â Â Â Â Â Â 400,000
Appopriations				Â Â Â Â 2,150,000
Estimated Other Financing Uses		Â Â Â Â Â Â Â 500,000
Budgetary Fund Balance		Â Â Â Â Â Â Â Â Â 50,000
Cash	Â Â Â Â Â Â Â 500,000
Taxes Receivable	Â Â Â Â Â Â Â 600,000
Allowance for uncollectible taxes		Â Â Â Â Â Â Â Â Â 50,000
Due from Federal Government		Â Â Â Â Â Â Â 200,000
Supplies	Â Â Â Â Â Â Â Â Â 50,000
Tax Refunds Payable			Â Â Â Â Â Â Â 800,000
Vouchers Payable			Â Â Â Â Â Â Â 100,000
Due to Other Funds			Â Â Â Â Â Â Â 150,000
Deferred Real Estate Taxes		Â Â Â Â Â Â Â Â Â 50,000
Tax Revenue		Â Â Â Â 2,100,000
Federal Grants			Â Â Â Â Â Â Â 300,000
Expenditures			Â Â Â Â 2,200,000
Other Financing Sources-Bonds Proceeds		Â Â Â Â Â Â Â 450,000
Other Financing Uses-Transfers	Â Â Â Â Â Â Â 550,000
Fund Balance-Nonspendable			Â Â Â Â Â Â Â Â Â 50,000
Fund Balance-Unassigned		Â Â Â Â Â Â Â Â Â 50,000
Totals	$Â Â 6,800,000	$Â Â 6,800,000