User Account

All Pages

Discuss the street improvement bond debt service fund

Assignment Help Accounting Basics
Reference no: EM131774949

In early May 2017, an amendment to the annual budget for 2017 was approved by the city council for inflows and outflows in the Street Improvement Bond Debt Service Fund related to the bond issue. The debt service fund budget amendment provides for estimated other financing sources of $42,000 for the premium on bonds sold and estimated revenues of $28,000 for accrued interest on bond sold; and appropriations in the amount of the one interest payment of $40,000 to be made during 2017. (The payment that is due on July 1, 2017.)

Required: Record the amended budget for the Street Improvement Bond Debt Service Fund for year 2017. Budgetary entries have no effect on the government-wide accounting records.

Reference no: EM131774949

Questions Cloud

Prepare journal entries to record the transactions : Prepare journal entries to record the transactions for the current month
Identify the nash equilibria strategies and payoffs : Consider the game depicted below. Player 1 decides between A or B in stage 1 of the game, and between G or H in stage 3 (if it is reached).
How can be path variable be used to trick user : How can be PATH variable be used to trick user to execute viral program that has the same name as the commonly used application/utility program?
Example scenarios of when to seek for financial help : What do you consider to be some good example scenarios of when to seek for financial help?
Discuss the street improvement bond debt service fund : the Street Improvement Bond Debt Service Fund for year 2017. Budgetary entries have no effect on the government-wide accounting records
Strategic planning is carried out effectively : How would you consider the decision making process could take place so that the strategic planning is carried out effectively?
What is the quantity exported or imported by each country : Consider the Heckscher-Ohlin model from the slides in the case of no factor substitution. The production technology of food and cloth are.
Processed further at an additional cost : Lido manufactures A and B from a joint process cost equal to 80,000. Ten thousand pounds of B can be sold at split off for $15 per pound.
Discuss double declining balance method : Compute the depreciation expense for 2014 and 2015 using the

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the adjusting entries necessary at december

Assuming that the books have not been closed, what are the adjusting entries necessary at December 31, 2018

  The january beginning invenshytory of white company

the january beginning invenshytory of the white company consisted of 300 units costing 40 each. during the first

  Pq and r are partners sharing equally 111 they decided

pq and r are partners sharing equally. 111. they decided that in future r will get 15 share in profits. on the day of

  What changes are made in the franchisor recording

Contains an option allowing the franchisor to purchase the franchised outlet, and it is likely that the option will be exercised?

  Make a budgeted income statement for the quarter ended

Please help me make a budgeted income statement for the quarter ended March 31. Please help me make a budgeted balance sheet as of March 31

  Prepare general journal entries for each of the transactions

Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for 2013.

  Disciplined application of intellect to public problems

In Chapter 1 of the Pal textbook, the author defines policy analysis as the "disciplined application of intellect to public problems" (p. 14). Why is it important to practise policy analysis?

  Primary method to corroborate information on litigation

What is an auditor's primary method to corroborate information on litigation, claims, and assessments?

  Using the net present value approach determine whether sams

sams club operates a regional chain of upscale department stores. the company is going to open another store soon in a

  Problem regarding the result of the application

(1) Obtain the sample space of all possible outcomes. (2) De?ne a random variable X as the sum of numbers that show up on the two dice; obtain the new space V arising as a result of the application of this random variable.

  What entry would oswego make on april

What entry would Oswego make on April 23, assuming the customer made the correct payment on that date

  Determining the human resource testing

Although controversial and the subject of some recent law suits (e.g., Satchell et al. vs. FedEx Express), some human resource departments administer standard IQ tests to all employees. The Stanford Binet test scores are well modeled by a Normal m..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd