Address the following situations separately. . 1. For the budgetary year beginning July 1, 2014, Coastal...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Address the following situations separately. . 1. For the budgetary year beginning July 1, 2014, Coastal City expected the following cash flow resources: • Property taxes, licenses, and fees • Proceeds of debt issue 1,000,000 • Interfund transfers to debt service fund $3,000,000 750,000 . In the budgetary entry, what amount did Coastal City record for estimated revenues? 2. During the fiscal year ended June 30, 2014, Western County issued purchase orders totaling $7,000,000. Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end. • How much were Western County's encumbrances on July 1, 2014? Address the following situations separately. . 1. For the budgetary year beginning July 1, 2014, Coastal City expected the following cash flow resources: • Property taxes, licenses, and fees • Proceeds of debt issue 1,000,000 • Interfund transfers to debt service fund $3,000,000 750,000 . In the budgetary entry, what amount did Coastal City record for estimated revenues? 2. During the fiscal year ended June 30, 2014, Western County issued purchase orders totaling $7,000,000. Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end. • How much were Western County's encumbrances on July 1, 2014?
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
During the fiscal year ended June 30, 2013, Harmon School District (see exercise E4- 2) paid salaries of $ 2,160,000, chargeable to the instruction appropriation. Instruction salaries for the last...
-
During the fiscal year ended June 30, 2014, Jones Co. had a 3-for-1 stock split. In its annual report for 2014, the company reported earnings per share for the year ended June 30, 2013, on a restated...
-
During the fiscal year ended June 30, 20X3, West City Council authorized construction of a new city hall building and the sale of serial bonds to finance the construction. The following transactions...
-
Two companies, Energen and Hastings Corporation, began operations with identical balance sheets. A year later, both required additional manufacturing capacity at a cost of $50,000. Energen obtained a...
-
Why are exit interviews important? Should an organization care about the opinions of people who are leaving? How are those opinions relevant to employee separation and retention?
-
Jane took out a 11-year loan for $87,686 from her local bank at an annual rate of 5.5%. If she plans to make monthly payments, how much will eachpayment be? Round your answer to the nearest dollar.
-
Develop an expression for the average mass transfer coefficient for a plate of length \(L\), where part of the flow is turbulent for part of the plate. Assume that there is no transition and that the...
-
The mean gestational length of a sample of 208 horses is 343.7 days, with a standard deviation of 10.4 days. The data set has a bell-shaped distribution. (a) Estimate the number of gestational...
-
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $190,000...
-
You have a 9 9 grid of squares, each of which can be colored red or blue. The grid is initially colored all blue, but you can change the color of any square any number of times. Imagining the grid...
-
Do some research, and find a resource that demonstrates an example of how ONE of the PESTE factors has impacted a hospitality or tourism related business. This could be a blog post, a webpage, a...
-
You shine a red \((\lambda=650 \mathrm{~nm})\) laser beam and a green \((\lambda=532 \mathrm{~nm})\) laser beam at a diffraction grating that has 400 slits/ \(\mathrm{mm}\) to create an interference...
-
A beam of \(550-\mathrm{nm}\) light illuminates six parallel slits spaced \(0.125 \mathrm{~mm}\) apart, and the resulting pattern is viewed on a screen. (a) What are the angular positions of the...
-
At sunset, red light travels horizontally through the doorway in the western wall of your beach cabin, and you observe the light on the eastern wall. What is the width of the central maximum in the...
-
A student makes the following claim: For radiation of any wavelength passing through a single slit, the separation distance between any two adjacent dark fringes is twice the source-screen distance...
-
Red laser light \((\lambda=656.5 \mathrm{~nm})\) passes through a slit of width \(a=0.100 \mathrm{~mm}\). On a screen a distance \(L=2.000 \mathrm{~m}\) from the slit, what is the linear distance...
-
Where does management fit in the organizational process? Discuss the importance of this stage of the management process, what are some of the specific steps of this process, and what is management's...
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
Dr. George E. Beeper is a single taxpayer. He lives at 45 Mountain View Dr., Apt. 321, Spokane, WA 99210. Dr. Beeper's Social Security number is 775-88-9531. Dr. Beeper works for the Pine Medical...
-
Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the...
-
In June of 2012, Maureen's house is vandalized during a long-term power failure after a hurricane hit the city. The president of the United States declares Maureen's city a disaster area as a result...
-
Describe which characteristics of HR metrics and workforce analytics are likely to result in greater return on investment and organizational impact.
-
Why are information security and privacy important considerations in the design, development, and maintenance of an HRIS?
-
List and discuss the major information security and privacy threats to organizations.
Study smarter with the SolutionInn App