Essay
Address the following situations separately.
1.For the budgetary year beginning July 1,2014,Coastal City expected the following cash flow resources:
In the budgetary entry,what amount did Coastal City record for estimated revenues?
2.During the fiscal year ended June 30,2014,Western County issued purchase orders totaling $7,000,000.Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end.
How much were Western County's encumbrances on July 1,2014?
3.The following information pertains to property taxes levied ($1,035,000 total)by Southern Township for the calendar year 2014:
What amount did Southern Township report for property tax revenues in 2014?
4.The following information pertains to Northern City's general fund for 2014:
At what amount will Northern City's total fund balance increase (decrease)in 2014?
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Match the following fund balance descriptions for
Q15: Peking County incurred the following transactions during
Q18: At any point in time,a government will
Q19: Use the following information to answer the
Q21: Which statement below is incorrect with respect
Q22: Carson County had the following transactions for
Q28: The General Fund transfers $50,000 cash to
Q30: Taxes which were billed,but are not paid
Q41: The City of Attross entered the following
Q47: The proceeds from a bond issuance for