Prepare the closing entries for the general ledger accounts

Assignment Help Financial Accounting

Reference no: EM132386328 , Length: 3 Pages

Assignment -

Your team has been hired as the accountants for the Village of A. Your team is being asked to do the following:

the adopted budget and preclosing trial balance is attached.
Note that the only encumbrances outstanding at year-end were $15,000 for unperformed contracts in community development.
The beginning fund balance was $75,000.

Attached the adopted budget, as well as the pre-closing trial balance, of the revenues and expenditures subsidiary ledgers at year-end.

Need to prepare the closing entries for the general ledger accounts and the subsidiary ledgers of the Village of A general fund.

Need to prepare the statement of revenues, expenditures, and changes in fund balance-budget and actual-for the Village of AIU General Fund for the 20X9 fiscal year.

Note- Written in APA format and length 2-3 pages.

Attachment:- Assignment File.rar

Reference no: EM132386328

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