Solution Manual for City of Bingham City Ofithville

Table of Contents

Chapter 1 Introduction and Use of the City of

Smithville/City of Bingham Software …………………………….. 3

Project Instructions and Information ……………………………….. 13

Chapter 2 Opening the Books ……………………………………... 14

Chapter 3 Recording the Annual Budget …………………………. 19

Chapter 4 Recording Operating Transactions

the General Fund and Governmental Activities

at the Government-wide Level ……………………………………. 21

Chapter 5 Recording Capital Assets and

Capital Projects Transactions ………………………………………. 27

Chapter 6 Transactions Affecting General

Long-term Liabilities and Debt Service …………………………… 30

Chapter 7 Recording Transactions Affecting

the Enterprise Fund and Business-type

Activities …………………………………………………………… 34

Chapter 8 Recording Transactions Affecting a

Fiduciary Fund—an Investment Trust Fund ……………………… 38

Chapter 9 Adjusting and Closing Entries for

Governmental Activities, Government-wide

Level; Preparation of Government-wide and

Major Fund Financial Statements …………………………………. 41

Chapter 10 Analysis of Financial Condition ………………………. 43

Chapter 11 Preparation of Audit Report …………………………… 43

Appendix A ………………………………………………………… 44

CHAPTER 1

INTRODUCTION AND USE OF THE CITY OF SMITHVILLE/CITY OF BINGHAM SOFTWARE

Welcome

Thank you for purchasing the City of Smithville/City of Bingham Governmental Accounting Software. This software is designed to be used with the McGraw-Hill/Irwin textbook Accounting for Governmental and Nonprofit Entities, 16th Edition.

System Requirements

To use the City of Smithville/City of Bingham accounting software application, you must have the following:

• Operating System:

• Microsoft® Windows 2000 or later

• Mac OS X v10.4 or 10.5

• Linux Red Hat® Enterprise Linux (RHEL) 5

• Hardware:

• Windows ®: Intel®...