How would you recommnd that the university maintain

Assignment Help Accounting Basics
Reference no: EM13599249

Refer to the transactions in the previous probelm.

1. Prepare the journal entries for the university to make in its governmental fund (e.g., its general fund or a capital projects fund).

2. How would you recommnd that the university maintain accounting control over the capital assets themselves - those that you did not record as assets in the governmental funds?

Reference no: EM13599249

Questions Cloud

Rick company has declared a 40000 cash dividend to : 1. brandon corporation issues 2000 shares of 40 per common stock for 43 per share. the amount credited to paid-in
What reservations might you have as to the engineers : 1. what reservations might you have as to the engineers estimate of useful life? why might any estimate of a highways
If direct labor-hours are considered as the only overhead : blitzer enterprises has identified three cost pools and three corresponding cost drivers to allocate overhead costs.
Part j88 is used in one of quinney corporations products : part j88 is used in one of quinney corporations products. the company makes 3000 units of this part each year. the
How would you recommnd that the university maintain : refer to the transactions in the previous probelm.1. prepare the journal entries for the university to make in its
On january 6 gramke co sells merchandise on account to : on january 6 gramke co. sells merchandise on account to colt inc. for 8000 terms 110 n30. on january 16 colt pays the
Repare the adjusting entry at december 31 2010 to record : at december 31 2010 the trial balance of olpe company contained the following amounts before adjustment.debits
Upon close scrutiny of the statement of cash flows robert : tappit corp. is a medium sized wholesaler of automotive parts. it has ten stockholders who have been paid a total of 1
Douglas manufacturing company has two production : douglas manufacturing company has two production departments cutting and assembly. july 1 inventories are raw materials

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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