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The Inventory of Supplies and Fund Balance--Reserved for Inventory of Supplies

Question 50

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  The Inventory of Supplies and Fund Balance--Reserved for Inventory of Supplies have been adjusted to reflect ending inventory. The beginning inventory balance was $0. Fund Balance--Unreserved-Undesignated was $5,000 before the adjustment. -Using the information in Figure 15-1, prepare a Statement of Revenues, Expenditures, and Change in Fund Balance--Budget and Actual for the General Fund for Gotham City for the year end June 30, 20X9. The Inventory of Supplies and Fund Balance--Reserved for Inventory of Supplies have been adjusted to reflect ending inventory. The beginning inventory balance was $0. Fund Balance--Unreserved-Undesignated was $5,000 before the adjustment.
-Using the information in Figure 15-1, prepare a Statement of Revenues, Expenditures, and Change in Fund Balance--Budget and Actual for the General Fund for Gotham City for the year end June 30, 20X9.

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