Attachment # 00002582 - CT_Mod07_opt2.xlsx
CT_Mod07_opt2.xlsx (97.3 KB)
Raw Preview of Attachment:
(refer to the detailed question and attachment below)
CashAccount DRCRTransactionTaxes Receivable—CurrentEstimated Uncollectible Current TaxesTaxes Receivable—DelinquentEstimated Uncollectible Delinquent TaxesInterest and Penalties Receivable on TaxesEstimated Uncollectible Interest and PenaltiesDue from Other FundsDue from State GovernmentInventory of SuppliesVouchers PayableTax Anticipation Notes PayableDue to Other FundsDue to Federal GovernmentDue to State GovernmentFund Balance—Nonspendable—Inventory of SuppliesFund Balance—Restricted—General GovernmentFund Balance—Restricted—Public SafetyFund Balance—Restricted—Public WorksFund Balance—Restricted—Health and WelfareFund Balance—Restricted—Culture and RecreationFund Balance—Committed—General GovernmentFund Balance—Committed—Public SafetyFund Balance—Committed—Public WorksFund Balance—Committed—Health and WelfareFund Balance—Committed—Culture and RecreationFund Balance—Assigned—General GovernmentFund Balance—Assigned—Public SafetyFund Balance—Assigned—Public WorksFund Balance—Assigned—Health and WelfareFund Balance—Assigned—Culture and RecreationFund Balance—UnassignedBudgetary Fund BalanceEncumbrances OutstandingEstimated RevenuesRevenuesAppropriationsEstimated Other Financing Uses—Interfund Transfers OutExpendituresOther Financing Uses—Interfund Transfers OutChart of Accounts for General Fund#The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. Government levied 3,000,000 of General Fund Property tax for the fiscal year with an estimated unollectible amount of $200,000.The General Fund paid $500,000 on the vouchers payable that were outstanding at the end of FY 2013.Assume that it is Tax Year 2014. Complete the yellow area.
Government levied 3,000,000 of General Fund Property tax for the fiscal year

Government levied 3,000,000 of General Fund Property tax for the fiscal year

Question # 00041452 Posted By: jia_andy Updated on: 01/12/2015 02:32 AM Due on: 08/29/2015
Subject Accounting Topic Accounting Tutorials:
Question
Dot Image
Transaction
Government levied 3,000,000 of General Fund Property tax for the fiscal year with an estimated unollectible amount of $200,000.

1

The General Fund paid $500,000 on the vouchers payable that were outstanding at the end of FY 2013.

2

3

The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the
government-wide level.

Assume that it is Tax Year 2014. Complete the yellow area.
Chart of Accounts for General Fund
Cash
Taxes ReceivableCurrent
Estimated Uncollectible Current Taxes
Taxes ReceivableDelinquent
Estimated Uncollectible Delinquent Taxes
Interest and Penalties Receivable on Taxes
Estimated Uncollectible Interest and Penalties
Due from Other Funds
Due from State Government
Inventory of Supplies
Vouchers Payable
Tax Anticipation Notes Payable
Due to Other Funds
Due to Federal Government
Due to State Government
Fund BalanceNonspendableInventory of Supplies
Fund BalanceRestrictedGeneral Government
Fund BalanceRestrictedPublic Safety
Fund BalanceRestrictedPublic Works
Fund BalanceRestrictedHealth and Welfare
Fund BalanceRestrictedCulture and Recreation
Fund BalanceCommittedGeneral Government
Fund BalanceCommittedPublic Safety
Fund BalanceCommittedPublic Works
Fund BalanceCommittedHealth and Welfare
Fund BalanceCommittedCulture and Recreation
Fund BalanceAssignedGeneral Government
Fund BalanceAssignedPublic Safety
Fund BalanceAssignedPublic Works
Fund BalanceAssignedHealth and Welfare
Fund BalanceAssignedCulture and Recreation
Fund BalanceUnassigned
Budgetary Fund Balance
Encumbrances Outstanding
Estimated Revenues
Revenues
Appropriations
Estimated Other Financing UsesInterfund Transfers Out
Expenditures
Other Financing UsesInterfund Transfers Out

Account

DR

CR
Dot Image
Attachments
CT_Mod07_opt2.xlsx (97.3 KB)
Tutorials for this Question
  1. jia_andy
    Tutorial # 00040365 Posted By: jia_andy Posted on: 01/12/2015 02:33 AM
    Puchased By: 5
    Tutorial Preview
    The solution of Government levied 3,000,000 of General Fund Property tax for the fiscal year...
      Get the Solution
    Attachments
    ct-mod_07.xlsx (98.09 KB)
Whatsapp Lisa