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The following a balance of General Fund of the Mouse 200, KI Cash Tuses Receivable De Allowance for Uncollectie Accounts Receivable Allowance for collectible en Vouchers Payable und Blace 2500 24 lica intendentes entre o materiale The following in place during 2 I Mostablish the cubes cartilen er fim, K16.00 1. The balet fore you was adopted Memes were time propres 22.000 were male, including materiale onderd in 20 Delinquent taxes of 0.800 were declared electible and written att rusty te of 71000 were insieda Sallimet far ertimused on Prilor estimated to one 15.000 were ondered was ongle etiam co. $. The material deplin sa munce of that year for K. wived the actual cont. K15.000, avached for late pe 6 Collections were made a solo Currentes KIKO Dentes Interested Penalties on Tum AwRechte K19. 7. Received a bill for 1.000 ml city coloring Payaller 100.000 were approved and wife Debe Service Fund to cover serial bond debe service The uniform and plenerodes were recent this week To 11 13. An order was placed for squipment stimated to co 4.00 14. Miscellanco teve powere collecte de discontinued Capital Fund Required 1. Post the opening ble 2. Prepare journal entries Pet the jumalathea (1) 3. Prew procesing in December 11. X 4. Preis 5. Preplig wil December 31 The following is a trial balance of the General Fund of the 20x0, after closing entries: Cash Taxes Receivable-Delinquent Allowance for Uncollectible Taxes-Delinquent. Accounts Receivable Allowance for Uncollectible Accounts Vouchers Payable Fund Balance city of Mongu as of December 31, K74,500 (Because interest and penalties on taxes are not material, they are not accrued.) The following transactions took place during 20x1: Dr. K33,600 25,400 Cr. K 5,900 15,500 2,500 42,000 24,100 K74,500 R. Reestablish the encumbrances carried over from 2oxo, K16,000. 1. The budget for the year was adopted. Revenues were estimated at K216,000; appropriations of K229,000 were made, including an appropriation of K16,000 for materials ordered in 20x0. 2. Delinquent taxes of K2,800 were declared uncollectible and written off. 3. Property taxes of K210,000 were levied; a 3% allowance for estimated losses was provided 4. Uniforms estimated to cost K15,000 were ordered, as was a snowplow estimated to cost K3,500 5. The materials ordered in 20X0 and set up as an encumbrance of that year for K16,000 was received, the actual cost, K15,000, was vouchered for later payment 6. Collections were made as follows: Current Taxes Delinquent Taxes Interest and Penalties on Taxes Accounts Receivable Total K182,000 8,500 200 7,300 K198,000 7. Received a bill for K3,000 from the city central printing shop. 8. Payroll vouchers for K100,000 were approved and paid, as was a transfer of K38,000 to a Debt Service Fund to cover serial bond debt service. 9. The uniforms and snowplow (ordered in 4) were received the invoices were for K16,000 and K3,800, respectively. 10. Delinquent taxes of K350, written off in preceding years, were collected. 11. Current taxes receivable became delinquent. 12. Paid K200 to a Special Revenue Fund for supplies acquired for General Fund purposes, but originally paid for from (and recorded as expenditures in) a Special Revenue Fund; and paid K60,000 of vouchers payable. 13. An order was placed for equipment estimated to cost K24,000 14. Miscellaneous revenues of K5,000 were collected, and K5,000 was received from a discontinued Capital Projects Fund. Required: 1. Post the opening trial balance to T-accounts. 2. Prepare journal entries and Post the journal entries to the T-accounts opened in (1) 3. Prepare preclosing trial balance at December 31, 20x1. 4. Prepare closing entries. 5. Prepare a post-closing trial balance at December 31, 20x1. The following a balance of General Fund of the Mouse 200, KI Cash Tuses Receivable De Allowance for Uncollectie Accounts Receivable Allowance for collectible en Vouchers Payable und Blace 2500 24 lica intendentes entre o materiale The following in place during 2 I Mostablish the cubes cartilen er fim, K16.00 1. The balet fore you was adopted Memes were time propres 22.000 were male, including materiale onderd in 20 Delinquent taxes of 0.800 were declared electible and written att rusty te of 71000 were insieda Sallimet far ertimused on Prilor estimated to one 15.000 were ondered was ongle etiam co. $. The material deplin sa munce of that year for K. wived the actual cont. K15.000, avached for late pe 6 Collections were made a solo Currentes KIKO Dentes Interested Penalties on Tum AwRechte K19. 7. Received a bill for 1.000 ml city coloring Payaller 100.000 were approved and wife Debe Service Fund to cover serial bond debe service The uniform and plenerodes were recent this week To 11 13. An order was placed for squipment stimated to co 4.00 14. Miscellanco teve powere collecte de discontinued Capital Fund Required 1. Post the opening ble 2. Prepare journal entries Pet the jumalathea (1) 3. Prew procesing in December 11. X 4. Preis 5. Preplig wil December 31 The following is a trial balance of the General Fund of the 20x0, after closing entries: Cash Taxes Receivable-Delinquent Allowance for Uncollectible Taxes-Delinquent. Accounts Receivable Allowance for Uncollectible Accounts Vouchers Payable Fund Balance city of Mongu as of December 31, K74,500 (Because interest and penalties on taxes are not material, they are not accrued.) The following transactions took place during 20x1: Dr. K33,600 25,400 Cr. K 5,900 15,500 2,500 42,000 24,100 K74,500 R. Reestablish the encumbrances carried over from 2oxo, K16,000. 1. The budget for the year was adopted. Revenues were estimated at K216,000; appropriations of K229,000 were made, including an appropriation of K16,000 for materials ordered in 20x0. 2. Delinquent taxes of K2,800 were declared uncollectible and written off. 3. Property taxes of K210,000 were levied; a 3% allowance for estimated losses was provided 4. Uniforms estimated to cost K15,000 were ordered, as was a snowplow estimated to cost K3,500 5. The materials ordered in 20X0 and set up as an encumbrance of that year for K16,000 was received, the actual cost, K15,000, was vouchered for later payment 6. Collections were made as follows: Current Taxes Delinquent Taxes Interest and Penalties on Taxes Accounts Receivable Total K182,000 8,500 200 7,300 K198,000 7. Received a bill for K3,000 from the city central printing shop. 8. Payroll vouchers for K100,000 were approved and paid, as was a transfer of K38,000 to a Debt Service Fund to cover serial bond debt service. 9. The uniforms and snowplow (ordered in 4) were received the invoices were for K16,000 and K3,800, respectively. 10. Delinquent taxes of K350, written off in preceding years, were collected. 11. Current taxes receivable became delinquent. 12. Paid K200 to a Special Revenue Fund for supplies acquired for General Fund purposes, but originally paid for from (and recorded as expenditures in) a Special Revenue Fund; and paid K60,000 of vouchers payable. 13. An order was placed for equipment estimated to cost K24,000 14. Miscellaneous revenues of K5,000 were collected, and K5,000 was received from a discontinued Capital Projects Fund. Required: 1. Post the opening trial balance to T-accounts. 2. Prepare journal entries and Post the journal entries to the T-accounts opened in (1) 3. Prepare preclosing trial balance at December 31, 20x1. 4. Prepare closing entries. 5. Prepare a post-closing trial balance at December 31, 20x1

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