Given the following pre-closing trial balance, prepare the Balance Sheet CITY OF LASALLE General Fund Trial Balance December 31, 2017 Debit Credit Estimated Revenues...

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CITY OF LASALLE
BALANCE SHEET
AS AT DECEMBER 31, 2017

ASSETS	$	LIABILITIES	$
CURRENT ASSETS			LIABILITIES
Due from Federal Government	$200,000.00	Tax Refunds Payable		$800,000.00
Taxes Receivable		$600,000.00	Vouchers Payable		$100,000.00
Cash			$500,000.00	Due to Other Funds		$150,000.00
Supplies			$50,000.00	Deferred Real Estate Taxes	$50,000.00
Other Financing Uses- Transfers	$550,000.00	Other Financing Sources- Bonds Proce	$450,000.00

ESTIMATIONS			FUNDS & BALANCES
Estimated Revenues and Grants	$2,300,000.00	Funds Balance- Nonspendable	$50,000.00
Estimated Other Financing Sources	$400,000.00	Funds Balance - Unassigned	$50,000.00
				Income for the Year		$200,000.00
				Allowance for Uncollectible Taxes	$50,000.00

				ESTIMATIONS
				Appropriations		$2,150,000.00
				Estimated Other Financing Uses	$500,000.00
				Budgetary Fund Balance		$50,000.00


			4600000				4600000

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CITY OF LASALLE
		General Fund
Trial Balance
December 31, 2017

	Debit	Credit
Estimated Revenues and Grants	Â Â Â Â 2,300,000
Estimated Other Financing Sources	Â Â Â Â Â Â Â 400,000
Appopriations				Â Â Â Â 2,150,000
Estimated Other Financing Uses		Â Â Â Â Â Â Â 500,000
Budgetary Fund Balance		Â Â Â Â Â Â Â Â Â 50,000
Cash	Â Â Â Â Â Â Â 500,000
Taxes Receivable	Â Â Â Â Â Â Â 600,000
Allowance for uncollectible taxes		Â Â Â Â Â Â Â Â Â 50,000
Due from Federal Government		Â Â Â Â Â Â Â 200,000
Supplies	Â Â Â Â Â Â Â Â Â 50,000
Tax Refunds Payable			Â Â Â Â Â Â Â 800,000
Vouchers Payable			Â Â Â Â Â Â Â 100,000
Due to Other Funds			Â Â Â Â Â Â Â 150,000
Deferred Real Estate Taxes		Â Â Â Â Â Â Â Â Â 50,000
Tax Revenue		Â Â Â Â 2,100,000
Federal Grants			Â Â Â Â Â Â Â 300,000
Expenditures			Â Â Â Â 2,200,000
Other Financing Sources-Bonds Proceeds		Â Â Â Â Â Â Â 450,000
Other Financing Uses-Transfers	Â Â Â Â Â Â Â 550,000
Fund Balance-Nonspendable			Â Â Â Â Â Â Â Â Â 50,000
Fund Balance-Unassigned		Â Â Â Â Â Â Â Â Â 50,000
Totals	$Â Â 6,800,000	$Â Â 6,800,000

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