Question - What is the ending fund balance for Central City's Operating Fund, given the following:
$10,000 - Beginning fund balance
Annual activity:
$6,000 - Increase in pledges receivable
$14,000 - Increase in accounts payable
$4,000 - Expenditure for supplies
$12,000 - Grant revenue
$3,000 - Acquisition of fireworks for July 4th celebration
$7,000 - Payment of accounts payable