Accounting- Journal Entries

acc_548_week2.xls

C 4_5

Copley 4-5		Team			28	Possible points

	Prepare Journal Entries in General Journal form to record the events & transactions
	You don't need any Dates or Explanations. Just the Account Names & amounts
	See Illustrated Case of General Fund starting on Page 91 as an example -- goes through entire chapter


		BROWNSVILLE SCHOOL DISTRICT
		General Fund
		GENERAL JOURNAL

	Debit Account Name	Credit Account Name	Debit	Credit
A					2
					2


B					2
					2


C					2
					2

					2
					2


D					2
					2

					2
					2


E					2
					2

					28

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Copley 4-6		Team			42	Possible points

	Prepare Journal Entries in General Journal form to record the events & transactions
	including closing entries budgeted and actual transactions
	Starting on Page 103 -- with Trial Balance and through end of chapter -- also look at how
	to book budgeted items and closing entries


		CITY OF ROME
		GENERAL FUND
		GENERAL JOURNAL

	Debit Account Name	Credit Account Name	Debit	Credit

1					2
					2
					2

2					2
					2
					2


3					2
					2


4					2
					2


5					2
					2


6					2
					2


7					2
					2
	(HINT: This is the plug needed to make cash balance after making the previous entries.)

8					2
					2
					2
					2
					2

					42

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Copley 4-7		Team			84	Possible points

a	Prepare Journal Entries in General Journal form to record the events & transactions
	for the City of Buffalo
	Look at Illustrative Case of General Fund starting on Page 91 as an example --
	Fund balance starts on page 104 and financials on 105


		CITY OF BUFFALO FALLS
		GENERAL FUND
		GENERAL JOURNAL

	Debit Account Name	Credit Account Name	Debit	Credit

2					2
					2
					2


3					2
					2


4					2
					2
					2


5					2
					2


6					2
					2

					2
					2


7					2
					2


8					2
					2


9					2
					2
					2

					2
					2
					2
					2



b	Prepare the statement using the above journal entries as a starting point.


		CITY OF BUFFALO FALLS -- GENERAL FUND
		STATEMENT OF REVENUES, EXPENDITURES,
		AND CHANGES IN FUND BALANCE
		FOR THE YEAR ENDED DECEMBER 31, 2012


	REVENUES:
					2
					2
		TOTAL REVENUES		0	1

					2
					2
		TOTAL EXPENDITURES		0	1

				0	2
					2
				0	1



c	Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned
	net resources and outstanding encumberances are committed by contractual obligation


		Total $	Non- Spendable	Restricted		Committed	Assigned	Unassigned


	Total Fund Balances
		1	1	1		1	1	1





	CITY OF BUFFALO FALLS
	GENERAL FUND
	BALANCE SHEET
	AS OF DECEMBER 31, 2012


	Assets:
					2
					2
	Total Assets:				1


	Liabilities and Fund Balances
	Liabilities:
					2

	Fund Balance:
					2
					2
	Total Fund Balance:				1
	Total Liabilities and Fund Balance:				1


					84

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