ACCT-4300-01 Prof. Xu May 2, 2013 Group Quiz # 3 Problem# 1 1. Journal Entries 1. Estimated revenue 750,000 Appropriations 710,000 Unreserved fund balance 40,000 2. Property tax receivable 475,000 Estimated uncollectible taxes 20,000 Revenue 455,000 3. Cash 32,000 Revenue 32,000 4. Cash 90,000 Revenue 90,000 5. Encumbrances 595,000 F/B reserved for Encumbrances 595,000 6. Expenditures…
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