UPLOADED BY RETIRED ACCOUNTING PROFESSOR MICHEAL RIVERA

QUESTION #1 -

QUESTION #2 - PUT ANSWER USING EXCEL FORMAT THANK YOU

 

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Question: Exercise 3-10: Appearing below is the subsidiary ledger for the public safety department of the City of Italy. After the first month of the year, five... Exercise 3-10: Appearing below is the subsidiary ledger for the public safety department of the City of Italy. After the first month of the year, five entries have been made to the ledger. Appropriation Transaction Encumbrances Expenditures Unexpended Appropriation Balance [= SUM] 1 ($300,000)* 2 17,500 ($300,000) ($282,500) 3 ($16,000) 15,500 ($283,000) 4 5 $18,000 13,000 ($270,000) ($252,000) ($282,000) 1,500 $28,500 ($252,000) *$ amounts in ( ) denote credits. Describe the most likely event that led to each of the postings (items 1-5). Question: Exercise 3-10: Appearing below is the subsidiary ledger for the public safety department of the City of Italy. After the first month of the year, five... Exercise 3-10: Appearing below is the subsidiary ledger for the public safety department of the City of Italy. After the first month of the year, five entries have been made to the ledger. Appropriation Transaction Encumbrances Expenditures Unexpended Appropriation Balance [= SUM] 1 ($300,000)* 2 17,500 ($300,000) ($282,500) 3 ($16,000) 15,500 ($283,000) 4 5 $18,000 13,000 ($270,000) ($252,000) ($282,000) 1,500 $28,500 ($252,000) *$ amounts in ( ) denote credits. Describe the most likely event that led to each of the postings (items 1-5).