Special Revenue Fund, Voluntary Nonexchange Transactions. The City of Eldon applied for a competitive grant from the
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For the special revenue fund, provide the appropriate journal entries, if any that would be made for the following:
1. May 1, 2011, notification of grant approval.
2. July 1, 2011, receipt of first installment of the grant.
3. During FY 2011 to record expenditures under the grant.
4. July 1, 2012.
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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