On December 30, 2017, the City of Coyote borrowed $20,000 for the general fund on a 60-day
Question:
On December 30, 2017, the City of Coyote borrowed $20,000 for the general fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general information above for this city, a $30,000 overall increase was reported in the general fund balance. What was the correct change in the general fund's balance for 2017?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
The correct change in the fund balance for 2017 is an increase of 10000 According to ...View the full answer
Answered By
YOGENDRA NAILWAL
As I'm a Ph.D. student, so I'm more focussed on my chemistry laboratory. I have qualified two national level exams viz, GATE, and NET JRF (Rank 68). So I'm highly qualified in chemistry subject. Also, I have two years of teaching experience in this subject, which includes college teacher as well as a personal tutor. I can assure you if you hire me on this particular subject, you are never going to regret it.
Best Regards.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
Question Posted:
Students also viewed these Corporate Finance questions
-
On December 30, 2015, the City of Coyote borrowed $20,000 for the general fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general information above...
-
On December 30, 2013, the City of Coyote borrowed $20,000 for the General Fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general information above, a...
-
On December 30, 2010, the City of Coyote borrowed $20,000 for the General Fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general information, a...
-
A population consists of the following N = 5 scores: 0, 6, 4, 3, and 12. a. Compute m and for the population. b. Find the z-score for each score in the population. c. Transform the original...
-
1. Poor quality materials could have an unfavorable effect on which of the following variances? Lab efficiency variance Materials quantity Variance A Yes Yes b Yes No c No Yes d No No 2. Which of the...
-
The estimated amount of depreciation on equipment for the current year is $33,200. Journalize the adjusting entry to record the depreciation.
-
A spherical capacitor has an inner radius of \(8.00 \mathrm{~mm}\) and an outer radius of \(8.50 \mathrm{~mm}\). With air between the spheres, the capacitor is connected to a battery and allowed to...
-
Parkview Magazine issued $690,000 of 15-year, 5% callable bonds payable on July 31, 2016, at 95. On July 31, 2019, Parkview called the bonds at 101. Assume annual interest payments. Requirements 1....
-
4. An ideal gas undergoes a thermodynamic process in which internal energy aP4, where a is a (U) of the gas depends on pressure (P) of the gas as =
-
Consider a household that possesses $100,000 worth of valuables (computers, stereo equipment, jewelry, and so forth). This household faces a 0.10 probability of a burglary. If a burglary were to...
-
During 2017, the City of Coyote contracted to build a bus stop for schoolchildren costing $10,000 as a special assessments project for which it collected $10,000 from affected citizens. The...
-
An art display set up for the City of Coyote was recorded within the general fund and generated revenues of $9,000 but had expenditures of $45,000 ($15,000 in expenses and $30,000 to buy land for the...
-
Obtain the equilibrium constant for the reaction from the following HCN(aq)H(a) CN (aq) HCN(aq) + OH-(aq)--CN-(aq) + H20(1); KI-4.9 104 H20(1)-H+(aq) + OH-(aq); K-= 1.0 10-14
-
The following partial financial Information (in thousands of dollars) is available for Thole, Incorporated: Corporate overhead costs at Thole are allocated to divisions based on relative sales....
-
A business purchases a new form of consumer relation management technology for $380,000. Because of this purchase, the company earns an extra $50,000 annually. A) Find the ROMI for the first year. B)...
-
What is the loophole in the 13th Amendment and explain how it is used to the detriment of African Americans in the United States?
-
Read ALDO'S GLOBAL OMNICHANNEL IMPERATIVE case study. q1 - develop a social media integration strategy for Aldo and explain how aldo can leverage social media touchpoints to improve its digital...
-
Journal assignment bfin 350 In this Journal you will be expected to provide a brief summary (or notes) of the course of the key learning points that you have made over the course of the term. These...
-
Mike and Linda are a married couple who file jointly. They have three dependent children who are full-time students in 2019. Mike and Linda provided $8,000 of support for each child. Information for...
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
Why is the goodwill procedure best described as a revaluation procedure?
-
Why is the goodwill procedure best described as a revaluation procedure?
-
Explain the bonus procedure for recording an investment in a partnership. When is the bonus applicable to old partners, and when is it applicable to new partners?
-
The answer of the fiurth line is not 4, 8, 32 or 40. I just need the answer for the fourth line Question 1 Memory Allocation SUBMITTED How much memory (in bytes) is taken up by the following...
-
Critical Thinking 10-7: Dynamic Mobile Access There are so many opportunities now for people to allow constant and dynamic connection between their mobile phone and an external (often unregulated)...
-
In Matlab, create a code that puts the value three-halves pi radians, 3, in a variable named "angle". Then set another variable named angleDegrees equal to a calculation that converts the value of...
Study smarter with the SolutionInn App