SOLUTIONS

1. JOURNAL ENTRIES
DEBIT CREDIT
A. ESTIMATED REVENUE..500,000
ESTIMATED OTHER FINANCING SOURCES.100, 000
APROPRIATIONS...480, 000
ESTIMATED OTHER FINANCING USES..........90, 000
FUND BALANCE..30, 000
B. TAX RECEIVABLE-CURRENT..400,000
REVENUES (TAXES)......................................................................380,000
ALLOWANCE FOR UNCOLLECTABLE CURRENT TAXES..20.000
C. ENCUMBRANCES...150,000
RESERVE FOR ENCUMBRANCES (F/B).150,000
D. RESERVE FOR ENCUMBRANCES (F/B)...70,000
UNRESERVE AND UNDESIGNATED FOR ENCUMBRANCES70, 000
ENCUMBRANCES....70,000
RESERVE FOR ENCUMBRANCES (F/B)...70,000
RESERVE FOR ENCUMBRANCES..70,000
ENCUMBRANCES..70,000
EXPUNDITURES-2008....70,000
EXPUNDITURES-2009......5,000
VOUCHER PAYABLE ........................................................................75,000
RESERVE FOR ENCUMBRANCES..70,000
ENCUMBRANCES..70,000
EXPUNDITURES-2009......95,000
VOUCHER PAYABLE ........................................................................95,000

E. CASH450,000
TAX RECEIVABLE-CURRENT....370, 000
TAX RECEIVABLE-DELIQUENT..80,000
F. VOUCHER PAYABLE160,000
CASH..160,000
G. EXPENDITURES...20,000
INVENTORY OF SUPPLIES.20, 000
UNRESERVED AND UNDESIGNATED F/B...30,000
F/B RESERVED FOR SUPPLIES.30, 000
 2. STATEMENT OF REVENUES, EXPUNDITURES, AND
CHANGES IN FUND BALANCE

BAHRDAR TOWN
STATEMENT OF REVENUES, EXPUNDITURES, AND CHANGES IN FUND BALANCE

SENE 30, 2009

REVENUES...380, 000

LESS: EXPUNDITURES. (190,000)

EXCESS OF REVENUES OVER EXPUNDITURES190,000

OTHER FINANCING SOURCES (USES)

OPERATING TRANSFER-IN100, 000

OPERATING TRANSFER-OUT.. (90, 000)

TOTAL OTHER FINANCING SOURCES ..10,000

EXCESS OF REVENUES AND OTHER SOURCES .200,000

OVER EXPUNDITURES AND OTHER USES

INCREASE IN INVENTORY OF SUPPLIES30,000

INCREASE IN RESERVE FOR ENCUMBRANCE50,000 (80,000)

INCREASE IN FUND BALANCE DURING THE YEAR120,000

FUND BALANCE, HAMLE 1, 2009200,000

FUND BALANCE, SENE 30, 2009...320,000

 3. BALANCE SHEETAS OF SENE 30, 2009

BAHRDAR TOWN
BALANCE SHEETAS OF SENE
SENE 30, 2009
ASSETS:
CASH..490,000

TAX RECEIVABLE-CURRENT..30,000

LESS: ALLOWANCE FOR UNCOLLECTABLE CURRENT TAXES...20.000 10,000

TAX RECEIVABLE-DELIQUENT.30, 000

INVENTORY OF SUPPLIES...30, 000

TOTAL ASSETS...560,000

LIABLITIES AND FUND EQUITY:

LIABLITY:

VOUCHER PAYABLE.10, 000

FUND EQITY:

RESERVE FOR INVENTORY OF SUPPLIES.

RESERVE FOR ENCUMBRANCES

FUND BALANCE320,000