| # | Transaction | Account | DR | CR |
| 1 | The General Fund recorded liabilities of $40,000 to other funds for services received from the Water Utility Fund during the year. Of this amount, $31,000 should be charged to Public Safety and $9,000 to General Government. At the government-wide level, you should credit Internal Payables to Business-type Activities. |
| 2 | The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013.Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus interest of $10,000. For the General Fund charge Miscellaneous for the interest expenditure. At the government-wide level, debit Expenses—Interest on Tax Anticipation Notes. |
| 3 | The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013. |
| 4 | The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. |
| | Assume that it is Tax Year 2014. Complete the yellow area. |
| | Chart of Accounts for General Fund |
| | Cash |
| | Taxes Receivable—Current |
| | Estimated Uncollectible Current Taxes |
| | Taxes Receivable—Delinquent |
| | Estimated Uncollectible Delinquent Taxes |
| | Interest and Penalties Receivable on Taxes |
| | Estimated Uncollectible Interest and Penalties |
| | Due from Other Funds |
| | Due from State Government |
| | Inventory of Supplies |
| | Vouchers Payable |
| | Tax Anticipation Notes Payable |
| | Due to Other Funds |
| | Due to Federal Government |
| | Due to State Government |
| | Fund Balance—Nonspendable—Inventory of Supplies |
| | Fund Balance—Restricted—General Government |
| | Fund Balance—Restricted—Public Safety |
| | Fund Balance—Restricted—Public Works |
| | Fund Balance—Restricted—Health and Welfare |
| | Fund Balance—Restricted—Culture and Recreation |
| | Fund Balance—Committed—General Government |
| | Fund Balance—Committed—Public Safety |
| | Fund Balance—Committed—Public Works |
| | Fund Balance—Committed—Health and Welfare |
| | Fund Balance—Committed—Culture and Recreation |
| | Fund Balance—Assigned—General Government |
| | Fund Balance—Assigned—Public Safety |
| | Fund Balance—Assigned—Public Works |
| | Fund Balance—Assigned—Health and Welfare |
| | Fund Balance—Assigned—Culture and Recreation |
| | Fund Balance—Unassigned |
| | Budgetary Fund Balance |
| | Encumbrances Outstanding |
| | Estimated Revenues |
| | Revenues |
| | Appropriations |
| | Estimated Other Financing Uses—Interfund Transfers Out |
| | Expenditures |
| | Other Financing Uses—Interfund Transfers Out |
lar.ro
act470_studenttemplate_ct_mod07_opt1.xlsx
