Prepare journal entries to record the following transactions of the state of Missouri, identifying the funds affected
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Prepare journal entries to record the following transactions of the state of Missouri, identifying the funds affected by each transaction. Record journal entries for all funds affected.
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The following are estimated revenues for the AOZ Special Revenue fund of the State of Missouri, Esitmated appropriations for Technology is expected to be $180,000. Please provide the budgetary entry required. Taxes. $175,000 Interest and penalties 2,000 Fines and fees.. 700 Permits 300 Animal licenses 900 Rents.. 500 Other licenses. Interest. 3,500 1,000 SI83, 900 $100,000 of General Fund cash was contributed to establish a new Internal Service Fund The following are revenues for the AOZ Special Revenue fund of the State of Missouri. Actual collections were made during the year for all but 20,000 of the taxes. Those taxes are not expected to be made until 90 days after year end. Taxes. S90,000 Interest and penalties Fines and fees.. Permits 1,000 50 140 Animal licenses 800 Rents.. Other licenses. 45 2.000 $94.035 General city payroll was approved and paid, $1,630,000 Materials and supples were purchased for the Fire Department on account, $13,200 The General Fund was billed $700 by the Electric Utility Enterprise fund for electricity for the month General Fund cash of S50,000- to be repaid in 90 days- was provided to enable construction to begin a new technology center. The following are estimated revenues for the AOZ Special Revenue fund of the State of Missouri, Esitmated appropriations for Technology is expected to be $180,000. Please provide the budgetary entry required. Taxes. $175,000 Interest and penalties 2,000 Fines and fees.. 700 Permits 300 Animal licenses 900 Rents.. 500 Other licenses. Interest. 3,500 1,000 SI83, 900 $100,000 of General Fund cash was contributed to establish a new Internal Service Fund The following are revenues for the AOZ Special Revenue fund of the State of Missouri. Actual collections were made during the year for all but 20,000 of the taxes. Those taxes are not expected to be made until 90 days after year end. Taxes. S90,000 Interest and penalties Fines and fees.. Permits 1,000 50 140 Animal licenses 800 Rents.. Other licenses. 45 2.000 $94.035 General city payroll was approved and paid, $1,630,000 Materials and supples were purchased for the Fire Department on account, $13,200 The General Fund was billed $700 by the Electric Utility Enterprise fund for electricity for the month General Fund cash of S50,000- to be repaid in 90 days- was provided to enable construction to begin a new technology center.
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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