APPENDIX E        

                                  PRINT - LANDSCAPE FORMAT / COLOR

CORPORATE

ADJUSTING ENTRIES

JANUARY 1, 2002

 

GOVERNMENT ACCOUNTING PROTOTYPE

ADJUSTING ENTRIES

JANUARY 1, 2002

(6) RECLASSIFY CFY BALANCES AS PFY (6) RECLASSIFY CFY BALANCES AS PFY
N/A UNPAID OBLIGATIONS (CFY) 17,300
EXPENDED BUDGET (CFY) 168,750
     UNPAID OBLIGATIONS (PFY) 17,300
     EXPENDED BUDGET (PFY) 168,750
Reclassify cfy unpaid / expended budget as pfy.
(7) RECLASSIFY CASH GLA'S (7) RECLASSIFY CASH GLA'S
N/A CASH UNOBLIGATED C/O  PFY 507,450
CASH UNPAID OBLIGATIONS  PFY 17,300
     CASH (END OF FISCAL YEAR) 524,750
Reclassify "prior fiscal year" cash balances as: (1) available for the purchase of goods/services in the current fiscal year, and (2) earmarked for the payment of goods / services already ordered and received.
CASH ANALYSIS / PROOF
CASH (END OF FISCAL YEAR) 524,750
CASH (UNOBLIGATED C/O) PFY  = BUDGET (UNOBLIGATED C/O)    -- SEE APPENDIX C, JOURNAL ENTRY 4 507,450
CASH UNPAID OBLIGATIONS  (PFY) = UNPAID OBLIGATIONS (PFY) -- JOURNAL ENTRIES 6 & 7 ABOVE 17,300
524,750
(8) RECLASSIFY UNOBLIGATED C/O AS FUNDED BUDGET                                (8) RECLASSIFY UNOBLIGATED C/O AS FUNDED BUDGET                                                         
N/A BUDGET  (UNOBLIGATED C/O) 507,450
    FUNDED BUDGET 507,450
Reclassify "budget - unobligated carryover" as funded budget in order to distribute the budget to the various offices within the agency.
(9) REVERSE ACCRUED SALARIES (9) REVERSE ACCRUED SALARIES
SALARY PAYABLE 3,000 SALARY PAYABLE 3,000
   SALARY EXPENSE 3,000      SALARY EXPENSE 3,000
Reverse salaries payable recorded in the prior fiscal year. Same as corporate explanation
  Copyright 1999  Larry Fisher