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1:10 4G Mohanad Gov Ahmad Assignment... Governmental Accounting E /Assignment (20 Marks) Question (1): 10...

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1:10 4G Mohanad Gov Ahmad Assignment... Governmental Accounting E /Assignment (20 Marks) Question (1): 10 Marks The following table shows the total revenues and expenditures during the budget period ended in 2019 (numbers in million): Budget Allocation Actual Received or paid Items Taxes 4500 4500 4600 Customs Fees 2200 2120 2040 Salaries 3200 3150 3100 Rents 700 660 680 Buildings 2200 2180 2120 Equipment 900 930 970 Additional Information: There are maintenance contracts, which have been signed, with service companies, worth 70 million JD and have not been implemented yet. The percentage of depreciation is 15% for buildings and 10% for equipment. The balance of treasury is 450 million at the beginning of 2019. Instructions: (Based on the ACCRUAL BASIS) A- Journalize the accounting entries. B- Prepare the financial position statement on 31/12/2019. C- Determine the values of the following items: Total of Revenue Total of Operating Expenses Total of Capital Expenses The Accumulated Depreciation/Buildings Accumulated Depreciation Equipment (Balance of Final Account (Surplus/ Deficit Balance of Surplus Deficit on 31/12/2019 Balance of Treasury on 31/12/2019 Total of Liabilities Balance of Commitment Reserve

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