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Other Fields Homework Help Accounting Topic started by: derro on Jun 22, 2018



Title: Financial Statement Preparation/Presentation, Closing Entries
Post by: derro on Jun 22, 2018
Listed below (in alphabetical order) are the general ledger and budgetary accounts for the City of Walland. All balances are year end, unless otherwise noted. All accounts have a normal balance. At the end of the year, the City Council passed an ordinance that all outstanding orders would be honored in the following fiscal year. Also, the Finance Officer set aside $40 for equipment replacement.

Requirements:
1.   Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended June 30, 20X4.
2.   Prepare the Balance Sheet for the year ended June 30, 20X4.
3.   Prepare all necessary closing entries.



Title: Re: Financial Statement Preparation/Presentation, Closing Entries
Post by: bolbol on Aug 12, 2018
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