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Prepare journal entries in the general fund of the brownsville school district

16/11/2020 Client: arwaabdullah Deadline: 3 days

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
&C&"Times New Roman,Regular"&12&A
&C&"Times New Roman,Regular"&12Page &P
C 4_6
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
&C&"Times New Roman,Regular"&12&A
&C&"Times New Roman,Regular"&12Page &P
C 4_7
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
&C&"Times New Roman,Regular"&12&A
&C&"Times New Roman,Regular"&12Page &P

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