Business, 28.07.2020 19:01 mjwenz8018

The following information was abstracted from the accounts of the General Fund of the City of Rome after the books had been closed for the ﬁscal year ended June 30, 2017. Postclosing Transactions Postclosing Trial Balance July 1, 2016, Trial Balance June 30, 2016 to June 30, 2017 June 30, 2017 Debits Credits Cash $500,200 $1,286,000 $1,321,200 $465,000
Taxes Receivable 29,000 1,326,800 1,291,600 64,200
$529,200 $529,200
Allowance for Uncollectible Taxes 5,600 5,600 7,400 7,400
Accounts Payable 93,600 1,307,800 1,227,000 12,800
Fund Balance 430,000 79,000 509,000
$529,200 $529,200 There were no transfers into the General Fund, but there was one transfer out. Prepare journal entries to record the transactions for the fiscal year ended June 30, 2017. Include closing entries. (If no entry
is required for a transactionlevent, select "No Journal Entry Required" in the first account field.)
View transaction list View journal entry worksheet (>9 mm General Journal m Credit

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