Continuous Problem – City of Monroe, assignment help

Anonymous
timer Asked: Aug 9th, 2016
account_balance_wallet $10

Question description

Continuous Problem – City of Monroe

I need answers to the questions on the attached file. I need the answers ASAP.

Attachments: 

continuous_problem_city_of_monroe_12th_edition.pdf

Tutor Answer

School: UC Berkeley

4-C.PART 1.General Fund Transaction
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash

$502,000

Taxes receivable

$210,000

Less: Estimated uncollectible taxes

(42,000)

Net

168,000

Interest and penalties receivable on taxes

5,200

Less: Estimated uncollectible interest and penalties

(950)

net

4,250

Due from state government

210,000

Total assets
Liabilities, Deferre...

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