(Preparation of financial statements and interpretation of operating results) Following is the… 1 answer below »

(Preparation of financial statements and interpretation of operating results) Following is the December 31, 2013, trial balance for Radnor City’s General Fund. Based on this information, prepare (a) a statement of revenues, expenditures, and changes in fund balance, (b) a balance sheet, and (c) a budgetary comparison schedule. Classify the fund balance as Unassigned. Then, examine the budgetary comparison schedule, and write a short paragraph explaining the results of the year’s operations in relation to the budget.

 

 

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