Topics: Federal government of the United States, Balance sheet, Federal government Pages: 3 (358 words) Published: October 13, 2013
ACCT567 Case Study I (Week 2)

The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011.
Debits Credits Cash $ 40,000 Taxes Receivable- Delinquent 142,000 Estimated Uncollectible Taxes- Delinquent 9,100 Interest and Penalties Receivable 32,000 Vouchers Payable 24,000 Budgetary Fund Balance-Reserve for Encumbrances 10,200 Fund Balance _________ 170,700 $ 214,000 $214,000

The information that is being presented to you pertains to the transactions for the city of Middleville for the fiscal year ended June 30, 2012.

1. The following budget was adopted by the city council:
Estimated Revenues:
Property Taxes $ 650,000 Fines and Penalties 44,000 Licenses and Permits 150,000 Federal Grant 85,000 929,000 Appropriations and Other Financing Uses...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Docs Essay
  • Essay on Docs
  • Google Docs Essay
  • Docs Essay
  • Docs Essay
  • Docs Essay
  • doc Essay
  • Docs Essay

Become a StudyMode Member

Sign Up - It's Free