adv accounting unit 9

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P11-37

Student Name: General Fund Governmental Activities Allowance for Uncollectible Taxes
Class: Special Revenue Fund No entry Appropriations
Problem 11-37 Capital Projects Fund Bonds Payable
Debt Service Fund Cash
FUND FINANCIAL STATEMENTS Permanent Fund Contributed Capital
General Journal Enterprise Fund Grant Revenue Collected in Advance
Internal Service Fund Due from General Fund
a. Debits Credits Agency Fund Due to Capital Projects Fund (Special Assessment)
Pension Trust Fund Encumbrances - Computer
Investment Trust Fund Encumbrances Outstanding
Private Purpose Trust Fund Equipment
Estimated Other Financing Sources
Estimated Revenues
b. Debits Credits Expenditures - Computer
Expenditures-Salaries
Expense-Public Safety
(Budgetary) Fund Balance
c. Debits Credits Other Financing Sources-Bond Proceeds
Other Financing Sources-Transfer In-General Fund
Other Financing Uses-Transfer Out-Capital Projects
Other Financing Uses-Transfers Out-Motor Pool
d. Debits Credits Other Financing-Transfers In-General Fund
Property Taxes Receivable
Revenue
Revenues-Grant
Revenues-Property Taxes
Vouchers Payable
e. Debits Credits
f. Debits Credits
g. Debits Credits
h. Debits Credits
I. Debits Credits
j. Debits Credits
GOVERNMENT-WIDE FINANCIAL STATEMENTS
General Journal
a.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 b.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 c.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 d.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 e.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.		 f.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 g.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 h.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.		 I.
: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 j.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.

Given P11-37

Given P11-37:
Fund based financial statements:
a. Budget is passed for police, ambulance and other ongoing activities
Funding is from property taxes, transfers and bond proceeds
All monetary outflows are for expenses and fixed assets
Deficit is projected
b. A bond is issued at face value to fund construction of municipal building .
c. Computer is ordered for tax department
d. Computer is received
e. Invoice for computer is paid
f. Agreement reached to transfer money from General Fund as
partial payment for special assessments project
This money is not yet transferred
City will be secondarily liable for money borrowed for this work
g. Motor pool created to service government vehicles
Money is transferred from General fund to permanently finance
this facility
h. Property taxes are levied
Most will be collected during current period
A small percentage is estimated to be uncollectible
i. Grant money is collected from state to supplement police salaries
No entry has previously been recorded
j. A portion of the grant money in (i.) is properly spent

P11-38

Student Name: General Fund Cash Business Type Activities
Class: Capital Projects Fund Bonds Payable Governmental Activities
Problem 11-38 Special Revenue Fund Due to Internal Service Fund No Entry
Encumbrances - Truck
CITY OF PUDDING Encumbrances Outstanding
Fund Financial Statements Equipment-Trucks
General Journal Expenditures
Expenditures - Truck
a. Debits Credits Expense-Public Service
Other Financing Sources-Bonds Proceeds
Other Financing Sources-Transfers In
Other Financing Uses-Transfers Out
b. Debits Credits Other Financing Uses-Transfers Out - Swimming Pool
Revenues
Transfers In-General Fund
Transfers Out-Swimming Pool
c. Debits Credits Unearned Grant Revenue
Vouchers or Accounts Payable
d. Debits Credits
e. Debits Credits
f. Debits Credits
g. Debits Credits
h. Debits Credits
CITY OF PUDDING
Government-Wide Financial Statements
General Journal
a. Debits Credits
b. Debits Credits
c.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
d.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.

: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
e.
: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Enter appropriate debits and credits in yellow cells. Your entries will not be verified.
f.
: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
g.
: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
h.
: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.

Given P11-38

Given P11-38:
CITY OF PUDDING
a. Ordered new truck for sanitation department-cost $ 94,000
b. Printing work charged by city print shop for school system $ 1,200
c. Bond issued to build new road $ 11,000,000
d. Cash transferred from General Fund to Enterprise Fund for pool $ 140,000
e. Truck ordered in (a.) received at actual cost (not yet paid) $ 96,000
f. Cash transferred from General Fund to Capital Projects fund $ 32,000
g. State grant received to be spent to promote recycling $ 30,000
h. Cash received from State (g.) is expended appropriately $ 5,000

P11-39

Student Name: General Fund Allowance for Uncollectible Current Taxes Business Type Activities
Class: Debt Service Fund Cash Governmental Activities
Problem 11-39 Capital Projects Fund Bonds Payable No Entry
Special Revenue Fund Encumbrances - Equipment
Fund Financial Statements Encumbrances - Warehouse
General Journal Encumbrances Outstanding
Expenditures
a. Debits Credits Expenditures Control-Machinery and Equipment
Expense
Grant Receivable
Inventory of Supplies
b. Debits Credits Machinery and Equipment
Other Financing Sources-Bonds Proceeds
Other Financing Sources-Transfers In
Other Financing Uses-Transfers Out
c. Debits Credits Revenues
Revenues - Property Taxes
Taxes Receivable
Transfers In-General Fund
Debits Credits Transfers Out
Unavailable Grant Revenue
Unearned Grant Revenue
Vouchers or Accounts Payable
d. Debits Credits
e. Debits Credits
f. Debits Credits
g. Debits Credits
Government-Wide Financial Statements
General Journal
a. Debits Credits
b. Debits Credits
c. Debits Credits
d. Debits Credits
e.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
f.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
g.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Enter appropriate debits and credits in yellow cells. Your entries will not be verified.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.

Given P11-39

Given P11-39:
Local government transactions:
a. Bonds sold at face value to finance warehouse construction $ 900,000
b. Contract signed for warehouse construction $ 1,100,000
c. Transfer of unrestricted funds made to pay debt in (a.) $ 130,000
d. Equipment for fire department received (cost) $ 12,000
Anticipated cost of fire department equipment at time of order $ 11,800
e. Supplies for school purchased for cash $ 2,000
f. State grant awarded to supplement police salaries $ 90,000
g. Property tax assessment mailed $ 600,000
Portion anticipated as uncollectible 4%

P11-42

Student Name: General Fund Allowance for Uncollectible Taxes Business Type Activities
Class: Debt Service Fund Appropriations Governmental Activities
Problem 11-42 Capital Projects Fund Bonds Payable No Entry
Permanent Fund Budgetary Fund Balance
CHESTERFIELD COUNTY Special Revenue Fund Buildings
Fund-Based Financial Statements Cash
General Journal Contracts Payable
Due to State
a. Debits Credits Encumbrances - Office Building
Encumbrances Outstanding
Estimated Other Financing Uses-Operating Transfers
Estimated Revenues
Expenditures
Expenditures - Bonds
b. Debits Credits Expenditures - Interest
Fund Balance-Reserved for Park Beautification
Interest Expense
Investments
c. Debits Credits Other Financing Resources
Other Financing Sources
Other Financing Uses
Property Taxes Receivable
d. Debits Credits Revenues
Revenues-Donations
Revenues - Property Taxes
Revenues - Reserved for Highway Maintenance
Contribution Revenue
e. Debits Credits
Debits Credits
f. Debits Credits
g. Debits Credits
h. Debits Credits
i. Debits Credits
CHESTERFIELD COUNTY
Government-Wide Financial Statements
General Journal
a.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
b.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
c.
: Pick your entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
d.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Enter appropriate debits and credits in yellow cells. Your entries will not be verified.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
e.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
f.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
g.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
h.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
i.
: Pick your entry from the drop-down list.		 Debits Credits

: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.
: Pick your Fund Title entry from the drop-down list.
: Pick your Account Title entry from the drop-down list.

Given P11-42

Given P11-42:
CHESTERFIELD COUNTY
a. Anticipated revenue $ 834,000
Approved spending $ 540,000
Operating transfers out $ 242,000
b. Contract signed for central office construction $ 8,000,000
c. Bonds sold at face value for construction of central office $ 8,000,000
d. Invoice received and paid when building completed $ 8,000,000
e. Previously unrestricted cash set aside to pay bonds from (c.) $ 1,000,000
f. Portion of bonds comes due and is paid $ 1,000,000
Portion of payment representing interest $ 100,000
g. Property tax levies are assessed $ 800,000
Portion assumed collectible in this period 90%
Portion assumed collectible in subsequent periods 6%
Remainder expected to be uncollectible
h. Cash received from toll road - restricted for highway maintenance $ 120,000
i. Investments are received by county as donation $ 300,000

P11-43

Student Name:
Class:
Problem 11-43
CITY OF JENNINGS
GENERAL FUND
Statement of Revenues, Expenditures, and Other Changes in Fund Balance
(Condensed)
Year Ending December 31, 2017
Revenues

: Enter appropriate data in yellow cells. Your answer for "Fund Balance, Ending" will be verified.		 Expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):
Bond proceeds
Transfers in
Transfers out
Total Other Financing Sources and Uses
Change in Fund Balance
Fund Balance, Beginning
Fund Balance, Ending
CITY OF JENNINGS
GENERAL FUND
Balance Sheet
(Condensed)
December 31, 2017
Assets
Cash

: Enter appropriate data in yellow cells. Your answer for "Total Liabilities and Fund Equity" will be verified.		 Investments
Taxes receivable
Due from Capital Projects Fund
Total Assets
Liabilities
Accounts payable
Vouchers payable
Contracts payable
Due to Debt Service Fund
Total Liabilities
Deferred Inflows of Resources
Unavailable Revenues
Total Deferred Inflows of Resources
Fund balances
Unassigned
Total Fund Balance
Total Liabilities, Deferred Inflows of Resources, and Fund Balances

Given P11-43

Given P11-43:
CITY OF JENNINGS
Trial Balance
December 31, 2017
Debit Credit
Accounts Payable $ 90,000
Cash $ 30,000
Contracts Payable 90,000
Unavailable Revenues 40,000
Due from Capital Projects 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-Transfers In 50,000
Other Financing Uses-Transfers Out 470,000
Taxes Receivable 220,000
Vouchers Payable 180,000
Totals $ 1,720,000 $ 1,720,000