9-10 Converting from Modified Accrual to Accrual Accounting . The Village of Rodale keeps its governmental fund accounting records on a modified…

Required Prepare modified accrual to accrual adjustments for all of the transactions identified in Items 1–5. Your answer sheet should be organized as follows. In the first column, identify the account titles that will be affected by the adjustment. Use the second column to identify whether the account title provided is a modified accrual account or an accrual account. The adjustment columns should record the amount of the debit or credit that would need to be made to adjust information from modified accrual to accrual. Keep in mind that some transactions may not be recorded under modified accrual; in such cases, the debit and credit adjustments affect only accrual accounts since the adjustments are reflected at the government-wide level only.

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