10449 ACCOUNT NO. 3420 - REIMBURSEMENTS COLLECTED IN ADVANCE
(Revised 5/87)
Normal Balance: Credit
Purpose: This account shows amounts collected that will be applied to a current fiscal year appropriation when earned or that will be applied to a subsequent fiscal year's appropriation.
Subsidiaries: None
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
26. Reimbursements collected in advance are transferred to the appropriate fiscal year's appropriation when earned.
A-10. Adjustment is made for checks still dishonored as of June 30.
A-11. Adjustment is made for cash shortages outstanding June 30. |
7. Cash is received and applied which will be accounted either as reimbursements to a current or subsequent fiscal year appropriation when earned.
8. Cash is applied which will be accounted either as reimbursements to a current or subsequent fiscal year appropriation when earned. |
