ACCT 567 WEEK 2 CASE STUDY I

ACCT 567 WEEK 2 CASE STUDY I

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  • Date Submitted: 10/06/2016 10:51 PM
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ACCT 567 WEEK 2 CASE STUDY I
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ACCT 567 WEEK 2 CASE STUDY I
ACCT567 Case Study I (Week 2)
The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011.
Debits Credits
Cash $ 40,000
Taxes Receivable- Delinquent 142,000
Estimated Uncollectible Taxes- Delinquent 9,100
Interest and Penalties Receivable 32,000
Vouchers Payable 24,000
Budgetary Fund Balance-Reserve for Encumbrances 10,200
Fund Balance _________ 170,700
$ 214,000 $214,000
The information that is being presented to you pertains to the transactions for the city of Middleville for the fiscal year ended June 30, 2012.
The following budget was adopted by the city council:
Estimated Revenues:
Property Taxes $ 650,000
Fines and Penalties 44,000
Licenses and Permits 150,000
Federal Grant 85,000
929,000
Appropriations and Other Financing Uses
Public Safety 402,000




ACCT 567 WEEK 2 CASE STUDY I
To view more, visit following link
http://unquite.com/question-details/ACCT-567-WEEK-2-CASE-STUDY-I/2754
or email us
query@unquite.com

ACCT 567 WEEK 2 CASE STUDY I
ACCT567 Case Study I (Week 2)
The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011.
Debits Credits
Cash $ 40,000
Taxes Receivable- Delinquent 142,000
Estimated Uncollectible Taxes- Delinquent 9,100
Interest and Penalties Receivable 32,000
Vouchers Payable 24,000
Budgetary Fund Balance-Reserve for Encumbrances 10,200
Fund Balance _________ 170,700
$ 214,000 $214,000
The information that is being presented to you pertains to the transactions for the city of Middleville for the fiscal year ended June 30, 2012.
The following budget was adopted by the city council:
Estimated Revenues:
Property Taxes $ 650,000
Fines and Penalties 44,000
Licenses and Permits 150,000
Federal Grant 85,000...

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