Question: Please include both general ledger and subledger accounts. Your district provides health services to all students attending a private school within your district's boundaries. One
Please include both general ledger and subledger accounts.
- Your district provides health services to all students attending a private school within your district's boundaries. One child at the school lives in a neighboring district and you must invoice that district $800 for the services provided to the child. Record the appropriate journal entries.
- A child from your district attends a Catholic School in a neighboring school district. On June 30th you receive an invoice in the amount of $800 for health services provided by that district. The payment will be made in July. Record the appropriate journal entries to ensure your financial statements correctly reflect this invoice.
- The district's checking account reveals $100 in interest earned. Record the appropriate journal entries.
- The district has been approved for a $100,000 grant from a local organization to supplement after-school programs. The funds will be used to pay BOCES to run several programs. Record the appropriate journal entries to establish the budget.
- This district pays its employee health premiums by purchase order through the general fund. The cost of benefits for an employee who works full time through a Title I grant must be charged to the grant's budget codes. Record the appropriate journal entries to transfer $1,000 monthly expense to the grant code F-TI15-9060.8 and reimburse the general fund for this benefit.
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