Fund-based statements. The preclosing, year-end trial balance for a capital projects fund of the city of Rochester as of December 31, 2019, follows: 11eb5b63_591a_5604_bcf8_1bca26b9b74d_SM1534_00 1. Prepare closing entries as of December 31, 2019. 2. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for this project that began on January 2, 2019. 3. Prepare the fund balance sheet as of December 31, 2019.

Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Edition 11ISBN: 978-0538480284

Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Edition 11ISBN: 978-0538480284

Exercise 12

Fund-based statements. The preclosing, year-end trial balance for a capital projects fund of the city of Rochester as of December 31, 2019, follows:

1. Prepare closing entries as of December 31, 2019.
2. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for this project that began on January 2, 2019.
3. Prepare the fund balance sheet as of December 31, 2019.

Explanation

Verified

2. Prepare the year-end statement of rev...