Author Question: A(n) ______________________________ is a graphical representation of a system showing the system ... (Read 64 times)

2125004343 · **on:** Jul 5, 2018

A(n) ___________________ ___________ is a graphical representation of a system showing the system processes, data stores, and flows of data into and out of the processes and data stores.
Fill in the blank(s) with correct word

Question 2

(Preparing closing entries and financial statements)

Presented below is the adjusted trial balance for the General Fund of the Township of Whitt at June 30, 2013, the end of the fiscal year. Based on this information, prepare, in good form:

a. closing entries
b. the statement of revenues, expenditures, and changes in fund balance for the year
c. the balance sheet at June 30, 2013 . (Classify the fund balance as Unassigned.)

Township of Whitt
General Fund
Adjusted Trial Balance
June 30, 2013

Cash
6,200

Taxes receivable
40,000

Investments
65,000

Vouchers payable

38,750

Tax anticipation notes payable

12,750

Unassigned fund balance

57,000

Estimated revenues
101,000

Appropriations

99,000

Budgetary fund balance

2,000

Revenues-taxes

100,000

Revenues-other

2,080

Expenditures-personal services
94,700

Expenditures-supplies
4,680 0

311,580
311,580

samiel-sayed · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

logical data flow diagram
logical data flow diagram (DFD)
logical DFD

Answer to Question 2

a. Closing entries

Appropriations 99,000
Budgetary fund balance 2,000
Estimated revenues 101,000

Revenues-taxes 100,000
Revenues-other 2,080
Expenditures-personal services 94,700
Expenditures-supplies 4,680
Unassigned fund balance 2,700

b. Statement of Revenues, Expenditures, and Changes in Fund Balance

Township of Whitt
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For the year ended June 30, 2013

Revenues

Taxes
100,000

Other
2,080

Total revenues
102,080

Expenditures

Personal services
94,700

Supplies
4,680

Total expenditures
99,380

Excess of revenues over (under) expenditures

2,700

Fund balance, beginning of year
57,000

Fund balance, end of year
59,700

c. Balance Sheet

Township of Whitt
General Fund
Balance Sheet
At June 30, 2013

Assets

Cash
6,200

Taxes receivable
40,000

Investments
65,000

Total assets
111,200

Liabilities

Vouchers payable
38,750

Tax anticipation notes payable
12,750

Total liabilities
51,500

Fund balance

Unassigned
59,700

Total liabilities and fund balance
111,200