Address the following situations separately.
1.For the budgetary year beginning July 1, 2011, Coastal City expected the following cash flow resources:
In the budgetary entry, what amount did Coastal City record for estimated revenues?
2.During the fiscal year ended June 30, 2011, Western County issued purchase orders totaling $7,000,000.Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end.
How much were Western County's encumbrances on July 1, 2011?
3.The following information pertains to property taxes levied ($1,035,000 total)by Southern Township for the calendar year 2011:
What amount did Southern Township report for property tax revenues in 2011?
4.The following information pertains to Northern City's general fund for 2011:
At what amount will Northern City's total fund balance increase (decrease)in 2011?

Question

Address the following situations separately.
1.For the budgetary year beginning July 1, 2011, Coastal City expected the following cash flow resources:
  In the budgetary entry, what amount did Coastal City record for estimated revenues?
2.During the fiscal year ended June 30, 2011, Western County issued purchase orders totaling $7,000,000.Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end.
How much were Western County's encumbrances on July 1, 2011?
3.The following information pertains to property taxes levied ($1,035,000 total)by Southern Township for the calendar year 2011:
  What amount did Southern Township report for property tax revenues in 2011?
4.The following information pertains to Northern City's general fund for 2011:
  At what amount will Northern City's total fund balance increase (decrease)in 2011?

Quizplus · Accepted Answer

The Answer of Address the following situations separately.
1.For the budgetary year beginning July 1, 2011, Coastal City expected the following cash flow resources:
  In the budgetary entry, what amount did Coastal City record for estimated revenues?
2.During the fiscal year ended June 30, 2011, Western County issued purchase orders totaling $7,000,000.Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end.
How much were Western County's encumbrances on July 1, 2011?
3.The following information pertains to property taxes levied ($1,035,000 total)by Southern Township for the calendar year 2011:
  What amount did Southern Township report for property tax revenues in 2011?
4.The following information pertains to Northern City's general fund for 2011:
  At what amount will Northern City's total fund balance increase (decrease)in 2011?

Address the Following Situations Separately