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(Solved): SOS. Need help with this question below - please break it down and help me understand. It's Governme ...
SOS. Need help with this question below - please break it down and help me understand. It's Governmental and Nonprofit Accounting.
Based on the provided data:
1. Prepare a statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended December 31, 2012.
2. Prepare a Balance Sheet as of December 31, 2012, assuming there are no restricted or committed net resources and the only assigned net resources are the outstanding encumbrances.
The following data pertain to General Fund operations for the City of Cordes for the fiscal year ended December 31,2012 : 1. Budget adopted:
9. Accounts paid amounted to ; the transfer out was made in cash. 10. Reclassify "Taxes Receivable-Current" as "Taxes Receivable- Delinquent", and reclassify "Estimated Uncollectible TaxesCurrent" as "Estimated Uncollectible Taxes-Delinquent".
Expert Answer
Statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended December 31, 201...