The following transactions take place: 1. A cement mixer was purchased with resources of the general fund.
Question:
1. A cement mixer was purchased with resources of the general fund.
2. A contract was signed for the construction of a new civic center.
3. Bonds were issued to finance the construction of the new civic center.
4. Construction of the civic center was completed.
Required:
Indicate the name of the fund(s) in which each of the transactions or events should be recorded.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
1 General Fund 2 ...View the full answer
Answered By
Aqib Parvej
I am teaching since my graduation time so I have teaching experience of about 5 years and in these years I learn to teach in the best and interesting way .
4.80+
20+ Reviews
41+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The following transactions take place: 1. The General Fund repaid the Special Revenue Fund a loan of $10,000 plus $900 in interest on the loan. 2. On January 1, the city issued 9% general obligation...
-
The following transactions take place: 1. A commitment was made to transfer general revenues to the entity in charge of providing transportation for all government agencies. 2. Construction bonds...
-
The following transactions take place. 1. Bond proceeds of $1,000,000 were received to be used in constructing a firehouse. An equal amount is contributed from general revenues. 2. $800,000 of serial...
-
Paul Anchor, Incorporated estimated that bad debt expense would equal 4% of the ending balance of accounts receivable for the current year. This years ending balance of accounts receivable amounted...
-
The snow tires that you are planning to buy next October 1 at the regular price of $107.50 each are advertised at $89.95 in a spring clearance special that will end on the preceding March 25. What...
-
(a) Draw the molecular orbitals for the cyclopropenyl case. (Since there are three p orbitals, there must be three MOs: one all-bonding MO and one degenerate pair of MOs.) (b) Draw an energy diagram...
-
Organizations have traditionally used employee time saved as the primary source of benefits to justify HRIS and other types of information system investments. Why can this be problematic? Give...
-
Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of 2016, an asset...
-
@ Consider y defined as a function of x by the equation: Ax+By+C=0 If A, B and C are constants, show that the graph of y is a straight line. What happens when B=0? Note that we say that the locus of...
-
Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...
-
Examine the Statement of Activities in the appendix to this chapter. 1. For each of the six governmental activities listed (from general government to Parks, Recreation, and Cultural Activities), did...
-
Select the best answer for each of the following: 1. The City of Apache should use a Capital Projects Fund to account for (a) Structures and improvements constructed with the proceeds of a special...
-
In 2000, there were about 530 motor vehicle thefts for every 100,000 registrations. Assuming (1) A Poisson distribution, (2) A community with a comparable theft rate and 1000 registered motor...
-
(b) "If you change the way you look at things, the things you look at change. - Wayne Dyer In the context of your learning in this unit, this can be paraphrased as 'If you change the way you look at...
-
Scenario: Dutch Bros releases a new holiday drink menu that includes the highly popular Candy Cane Cold Brew iced coffee. Using the 5-Step market analysis process, please draw the market for Dutch...
-
Pottery Barns in house team of economists has estimated the following U.S. market demand function for Pottery Barns iconic apothecary table (which is given below). Let good X be the apothecary table...
-
Cards APR A real Bank/Credit Card A real Store Credit Card Student Cash Back Credit Card DISCOVER it Intro purchase APR is 0% for 6 months from date of account opening then the standard purchase APR...
-
Daniel owns preference shares of a company that has earned great profits this year. What can Daniel expect to receive from the company this year?
-
Violins and cellos are stringed instruments. (V, C, S, I ) Translate the following statements into symbolic form. Avoid negation signs preceding quantifiers. The predicate letters are given in...
-
Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...
-
Equality, ________, merit, contribution, and effort are the principles of distributive justice, according to philosopher Joel Feinberg.
-
Pat, Jean Lou, and Diane are partners with capital balances of $50,000, $30,000, and $20,000, respectively. These three partners share profits and losses equally. For an investment of $50,000 cash...
-
Pat, Jean Lou, and Diane are partners with capital balances of $50,000, $30,000, and $20,000, respectively. These three partners share profits and losses equally. For an investment of $50,000 cash...
-
Pat, Jean Lou, and Diane are partners with capital balances of $50,000, $30,000, and $20,000, respectively. These three partners share profits and losses equally. For an investment of $50,000 cash...
-
Calculating Present Values Imprudential, Inc., has an unfunded pension liability of $645 million that must be paid in 25 years. To assess the value of the firm's stock, financial analysts want to...
-
Describe the operating activities of each company noting similarities and difference between COCA COLA & PEPSICO. Identify two economy wide factors and industry wide factors that could impact on the...
-
The trial balance for a company listed the following account balances at December 31, Year 1, the end of its fiscal year: cash, $36,000; accounts receivable. $31,000; Inventory, $45,000; equipment...
Study smarter with the SolutionInn App