ENTRY NO. A–3, ACCOUNTS RECEIVABLE ABATEMENTS AND REIMBURSEMENTS - 10602

Nature of Transaction:

Accounts receivable abatements, reimbursements, and revenue are recorded for the fiscal year just ended. This entry is dated and posted as of June 30.

Journal Entry for General Ledger Accounts:

Debit:

1311   Accounts Receivable--Abatements a/

1312   Accounts Receivable--Reimbursements b/        

1313   Accounts Receivable--Revenue c/        

1410   Due From Other Funds d/        

1420   Due From Other Appropriations e/        

1510   Due From Federal Government f/         

1540   Due From School Districts g/        

1590   Due From Other Governmental Entities h/        

Credit:                                                                                

1600   Provision for Deferred Receivables* i/

8100  Reimbursements j/

9000   Appropriation Expenditure k/

*NOTE: Those revenue receivables accrued in this entry and deemed to be collectable during the ensuing fiscal year will be included in the A-9, revenue accrual, entry.  See SAM Section 10610.

a/ Amount of abatement receivables due from private entities at June 30 that were not billed or recorded prior to July 1 that are deemed to be collectable during the ensuing fiscal year.

b/ Amount of reimbursement receivables due from private entities at June 30 that were not billed or recorded prior to July 1 that are deemed to be collectable during the ensuing fiscal year.

c/ Amount of revenue receivables due from private entities at June 30 that were not billed or recorded prior to July 1.

d/ Amount of abatement, reimbursement, and revenue receivables due from other funds at June 30 that were not billed or recorded prior to July 1. The abatement and reimbursement receivables are deemed to be collectable during the ensuing fiscal year.

e/ Amount of abatement, reimbursement, and revenue receivables due from other appropriations within the same fund at June 30 that were not billed or recorded prior to July 1. The abatement and reimbursement receivables are deemed to be collectable during the ensuing fiscal year.

f/ Amount of abatement and revenue receivables due from the federal government at June 30 that were not billed or recorded prior to July 1. The abatement receivables are deemed to be collectable during the ensuing fiscal year.

g/ Amount of abatement, reimbursement, and revenue receivables due from school districts at June 30 that were not billed or recorded prior to July 1.  The abatement and reimbursement receivables are deemed to be collectable during the ensuing fiscal year.

h/ Amount of abatement, reimbursement, and revenue receivables due from other governmental entities at June 30 that were not billed or recorded prior to July 1. The abatement and reimbursement receivables are deemed to be collectable during the ensuing fiscal year.

i/ Total amount of revenue receivables in a through h.

j/ Total amount of reimbursement receivables in a through h, excluding f. k/   Total amount of abatement receivables in a through h.

Detail list of all abatement, reimbursement and revenue receivables at June 30 as estimated or not billed prior to actually closing the books. The list should contain name and address, invoice or encumbrance number, or other reference, date, and amount.