Reference no: EM13137369
Prepare the general journal entries to
1. Record the following transactions in the General Ledger accounts of the Kessinger County General Fund.
A. Paid $500,000 to the Bridge Bond Debt Service Fund to provide for upcoming principal and interest payments.
B. Paid $5,000,000 to the Kessinger County Airport Fund to provide financing for a major expansion project; $2,000,000 is not required to be repaid, but $3,000,000 is to be repaid at the end of five years.
C. Loaned $320,000 to the Holstein Skywalk Capital Projects Fundô€Žto be repaid in 90 days.
D. Paid $22,000 to the Highways Special Revenue Fund to repay it for General Fund employee salaries that were inadvertently recorded as expenditures of that fund.
E. Received a bill from the County Electric Utility Enterprise Fund for electricity usage charged to General Fund departments and agencies, $3,000.
2. Explain how each of the foregoing transactions is reported in the Kessinger County General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance.
|
Prepare the general journal entry to record first interest
: A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March. Prepare the general journal entry to record the first interest payment on June 30, 2009.
|
|
Difference between primary and secondary hazards
: What is the difference between primary and secondary hazards? Give two examples. What suggestions does the chapter give for managing the resistance to the planning process?
|
|
Volume of sales invoices
: Twyla Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.
|
|
Find the pdf of cost of the flour is proportional to y
: Bakery is a random variable X that has an exponential distribution with mean equal to 4 tons. The cost of the flour is proportional to Y=3X+1.
|
|
Explain how each of the foregoing transactions is reported
: Explain how each of the foregoing transactions is reported in the Kessinger County General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance.
|
|
Describe the law of diminishing marginal utility
: Explain the law of diminishing marginal utility and Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
|
|
How many grams of o2 are required
: Octane has a density of 0.692 g/mL at 20 degrees Celsius. How many grams of O2 are required to burn 1.00 gal of C8H18?
|
|
Total manufacturing costs incurred
: During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 2010 for Hopkins?
|
|
Criminological theories of routine activity perspective
: Explain the criminological theories of routine activity perspective and social learning theory. In what way do these criminological theories impact the issue of terrorism in the United States?
|