Question

IV. The unadjusted trial balance for the general fund of the Coamo City at June 30,...

IV. The unadjusted trial balance for the general fund of the Coamo City at June 30, 2019 is as
follows:


Debits
Accounts receivable $ 40,000
Cash 75,000
Due from agency fund 25,000
Encumbrances 60,000
Estimated revenues 975,000
Expenditures 750,000
Taxes receivable 250,000


Credits
Allowance for doubtful accounts 5,000
Allowance for uncollectible taxes 50,000
Appropriations 785,000
Due to trust fund 40,000
Fund balance-unassigned 30,000
Encumbrances Outstanding 60,000
Revenues 990,000
Taxes received in advance 15,000
Vouchers payable 200,000
Supplies on hand at June 30, 2019 totaled $8,000. The $60,000 encumbrance relates to equipment
ordered but not received by fiscal year-end.


Required:
Prepare a balance sheet for the general fund of the Coamo City at June 30, 2019.

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