Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what are the important things to remember for the

What are the important things to remember for the Capital Projects Funds? The adjusted trial...

80.2K

Verified Solution

Question

Accounting

image
What are the important things to remember for the Capital Projects Funds? The adjusted trial balance for SASCO & CO, for the fiscal year ended June 30, 20X9, is presented below: Particulars Amount in S Dr. Amount in s Cr. Cash 102.000 Property taxes receivable-delinquent 40,000 Allowances for uncollectible taxes-delinquent 30,000 Inventory of supplies 4.000 Vouchers payable 20,000 Due to internal service fund 4,000 Fund balance assigned for inventories 4.000 Fund balance assigned for encumbrances 24,000 Fund balance unassigned 12,000 Expenditures 1,436,000 Transfer out to internal service fund 80,000 Property taxes revenue 1,370,000 Fine and license revenue 198,000 Estimated revenue control 1,600,000 Estimated transfer out to internal service fund 80,000 Appropriation control 1,500,000 Budgetary fund balance -unassigned 20,000 Totals 3,262,000 3,262,000 Required: Prepare a balance sheet for SASCO & CO at June 30, 20X9

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find two unit vectors perpendicular to (2,-2,-3) and (0,2,1). Use the dot product to verify...

Calculus
Q

How does temperature affect the band structure and the I-V characteristics of semiconductor devices? How does changing...

Electrical Engineering
Q

Brake as hard as possible Allow the vehicle to slow to a manageable speed

Biology
Q

Case 2 Equilibrium of a current carrying conductor When a finite length current carrying wire...

Physics
Q

Indicate the false statement You can select multiple options Modulation is the process of putting...

Physics
Q

A manufacturing machine has a 1% defect rate.If 3 items are chosen at random, what...

Basic Math
Q

The data table to the right represents the volumes of a generic soda brand Complete...

Statistics
Q

0 0 T T 1 0 A 2 0 14 8 50 TTTTT 150 G...

Statistics
Q

In Qubec, if an employer's monthly remittance of provincial deductions is due on a Saturday,...

Accounting
Q

Would you rather deliver an oral presentation to an external audience, be interviewed for a...

Accounting
Q

Una empresa presupuest ventas unitarias de 204 000 unidades para enero de 2012 y 240...

Accounting
Q

JOE AND ANNE FILE A JOINT RETURN. THEIR AGI BEFORE SOCIAL SECURITY WAS $ 5,...

Accounting