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Ledgers for trial balance and statement of revenues

Prepare ledgers for all journal entries, include trial balance and statement of revenue

a estimated Revenue- property taxes 275000
estimated Revenues - licence Fees 35,000
Appropriations - salaries 205,000
Appropriations - Supplies 40,000
appropriations - interest 1,500
Budgetary Fund Balance 63500

b Property Tax receivable 275000
allowance for uncollectable Property tax 11000
Property tax Revenue 264000

c Cash 100000
Tax anticipation Notes payable 100000

d Expenditure - Salaries 75000
Cash 75000

e Encumbrance - supplies 25000
BFBRFE 25000

f Cash 240000
Property tax receivable 240000

g Tax Anticipation Notes Payable 100000
Expenditure - Interest 1000
cash 101000

h Cash 15000
Revenue - licence fees 15000

i BFBRFE 11000
Encumbrance - supplies 11000
Expenditure - supplies 11400
Vouchers Payable 11400

j Vouchers payable 11400
Cash 11400

k Allowance for Uncollectable Property tax 8300
Property tax receivable 8300

l Expenditures - salaries 120000
Cash 120000

m Supplies 5600
Fund balance reserved for supplies 5600

n license fees receivable 20000
Revenue license fees 14000
Deferred Revenue 6000

0 Property Tax Receivable - delinquent 26700
property tax receivable 26700
Allowance for Uncollectable Property Tax 2700
Allowance for uncoll, Propert Tax - delinquent 2700

Solution Summary

The solution prepares ledgers for all journal entries, include trial balance and statement of revenue.

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