Answered Essay: al balance, statement of revenues expenditures an

Please help! I need to prepare a worksheet with these accounts. How do I prepare a trial balance, statement of revenues expenditures and changes in fund balance, and a balance sheet. I am completely lost!
CITY OF JENNINGS GENERAL FUND Statement of Revenues, Expenditures, and Other Changes in Fund Balance (Condensed) Year Ending December 31, 2017 Revenues Expenditures $-760,000 (530,000) $ 230,000 Excess (deficiency) of revenues over expenditures Other financing sources (uses): $300,000 50,000 Bond proceeds Transfers in Transfers out Total Other Financing Sources and Uses Change in Fund Balance (120,000) $110,000 Fund Balance, Beginning Fund Balance, Ending 170,000 $280,000
City of Jenning

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CITY OF JENNINGS GENERAL FUND Statement of Revenues, Expenditures, and Other Changes in Fund Balance (Condensed) Year Ending December 31, 2017 Revenues Expenditures $-760,000 (530,000) $ 230,000 Excess (deficiency) of revenues over expenditures Other financing sources (uses): $300,000 50,000 Bond proceeds Transfers in Transfers out Total Other Financing Sources and Uses Change in Fund Balance (120,000) $110,000 Fund Balance, Beginning Fund Balance, Ending 170,000 $280,000

Expert Answer

 

Trial Balance
Dec 31, 2017
Particulars Dr. Amt. Cr. Amt
Accounts Payable            90,000
Cash            30,000
Contracts Payable            90,000
Unavailable Revenues            40,000
Due from Capital Project Funds            60,000
Due to Debt Service Funds            40,000
Expenditures          530,000
Fund Balance – Unassigned          170,000
Investments          410,000
Revenues          760,000
Other Financing Sources – Bonds Proceeds          300,000
Other Financing Sources – Transfer in            50,000
Other Financing Uses – Transfer Out          470,000
Taxes Receivable          220,000
Vouchers Payable          180,000
Total      1,720,000      1,720,000
Statement of revenues expenditures and changes in fund balance, and a balance sheet cannot be checked since Full question is not attached.
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