4. Prepare journal entries for the city of Dixon's governmental funds to record the following...
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Accounting
4. Prepare journal entries for the city of Dixon's governmental funds to record the following transactions, first for the fund financial statements and then for government-wide financial statements. NOTE: some transactions do not need to be recorded on either the Fund Financial Statements or the Government-wide Financial Statements. Make sure you include the fund name for fund financial statement journal entries. I completed transaction "a" as an example for how I would like the transactions to be formatted. | |||||||||||||||||||||||||||||||
a. | Ordered new truck for sanitation department-cost | 87,000 | |||||||||||||||||||||||||||||
b. | Printing work charged by city print shop for school system | 1,500 | |||||||||||||||||||||||||||||
c. | Bond issued to build new road | 10,000 | |||||||||||||||||||||||||||||
d. | Cash transferred from General Fund to Enterprise Fund for pool | 152,000 | |||||||||||||||||||||||||||||
e. | Truck ordered in (a.) received at actual cost (not yet paid) | 89,500 | |||||||||||||||||||||||||||||
f. | Cash transferred from General Fund to Capital Projects fund | 34,000 | |||||||||||||||||||||||||||||
g. | State grant received to be spent to promote recycling | 40,000 | |||||||||||||||||||||||||||||
h. | Cash received from State (g.) is expended appropriately | 4,500 | |||||||||||||||||||||||||||||
City of Dixon | |||||||||||||||||||||||||||||||
Fund Financial Statements | |||||||||||||||||||||||||||||||
General Journal
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