The pre-closing trial balance for the general fund of Lancaster Company at December 31,2021 is...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The pre-closing trial balance for the general fund of Lancaster Company at December 31,2021 is given below. CashTaxesreceivableEstimatedrevenuesEstimatedotherfinancingsourcesExpenditureTransfersoutCapitalOutlayDebtservice-principalDebtservice-interestAllowanceforuncollectibletaxesAccountspayablePropertytaxrevenuesOtherrevenuesProceedsfrombondsTransfersinAppropriationsEstimatedotherfinancingusesFundbalance-cunassignedDebit$362,000113,0001,290,00060,0001,015,00020,00025,0002,0008,0008,00022,000Credit$5,00050,000950,000400,00050,0001,085,000285,000$2,895,000 What is the excess of revenues over expenditures reported on 2021 statement of revenues, expenditures and changes in fund balance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!