my place house of decor practice set answers

Apr 13th, 2016
FratBro23
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Price: $10 USD

Question description

my place house of decor practice set answers

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(Top Tutor) Daniel C.
(997)
School: Cornell University
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Hi.  Thank you for selecting me to help with you assignment.  Please find attached your requested assignment.Please be sure to give me a great review and release payment.  Thanks,Patricia

MY PLACE, HOUSE OF DÉCOR
JOURNAL ENTRIES
Cash
£
Balance b/d

12,600

Property tax
Other revenue

2,005,600
485,700
________
2,503,900
Savings
Sh
66,800

Balance b/d
Cash

150,000
216,800
Fund Balances
Sh

Appropriations

2,350,000

Encumbrance

5,000

Appropriation

7,000

Balance c/d

597,450
2,959,450

Fund Balance reserved for encumbrances
Encumbrances
Balance c/d

Sh
1,755,000
5,000
1,760,000

Estimated revenue
Fund balance

Sh
2,400,000

Fund balance

11,200
2,411,200

Property taxes
Sh
Balance b/d
Revenue A/C

480,600
1,925,500
2,406,100

Balance b/d

405,500
Wages payable
Sh

Cash

598,000

Balance c/d

8,450
606,450

Accounts payable
Sh
Cash

1,740,000

Balance c/d

22,300
1,762,300

Encumbrances
Sh
Fund reserved …

1,760,000
________
1,760,00...

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