ACC380 Week 1 Assignment

ACC380 Week 1 Assignment

Government-Wide Statements & Budgetary Comparison Schedule. Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting computations and explanations.

Part One.

Review the financial information pertaining to the City of Northern Pines in problem 2-8 on pages 52 and 53 of your text. Prepare, in good form, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2012. Northern Pines has no component units.

Part Two:

Review the financial information pertaining to the city of Eastern Shores in problem 2-9 on page 53 of your text. From

the information given, prepare in good form, a General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the city of Eastern Shores General Fund for the Year Ended September 30, 2012.

Part Three:

Review the financial transactions pertaining to the City of Springfield in problem 3-12 on pages 82 and 83.

1. Record the transactions using appropriate journal entries.

2. Prepare a budgetary comparison schedule for the General Fund.