Other financing sources 300000 encumbrances 600000 as


Question - The city of Southern Pines reported the following at year end, prior to closing entries. Revenues $11,000,000; Expenditures $10,1000,000; Other Financing Uses $500,000; Other Financing Sources $300,000; Encumbrances $600,000. As result of all closing entries, what would be effect on Fund Balance Unreserved?

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Accounting Basics: Other financing sources 300000 encumbrances 600000 as
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