Statement of Revenues, Expenditu r es, and Changes in Fund Balance

 

Statement of Revenues, Expenditu r es, and Changes in Fund Balance

Refer to the preclosing trial balance in Exercise 17-10. Assume that the balances on December 31,

20X0, were as follows:

Fund Balance—Assigned for Encumbrances $28,000

Fund Balance—Unassigned 91,000

Required

fiscal 20X1.

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