Rockford receives notice that the city is awarded a
$ grant for a social media awareness program. The
grant monies will be received on a reimbursement basis.
Rockford spends $ for this program throughout the
current year. Rockford uses the GF for grants.
a Entry on date of grant award.
b Entry for spending made related to social media
awareness program.
c Entry for the $ allowable expenditures submitted
to the Federal Government for reimbursement.
d Entryies in preparation of yearend financial
statements.
Part B Assume the balances in the following fund balance
accounts exist after all activity in Rockford City has been posted
EXCEPT the entryies from Part A that were necessary for
preparation of the yearend financial statements.
Unassigned Fund Balance $
Assigned Fund Balance $
Committed Fund Balance $
Nonspendable Fund Balance $
Restricted Fund Balance $
Requirement: Prepare the Fund Balance section for Rockford
City's partial financial statement with a proper heading. Show
all computations for full credit.
