Identify fund that typically used to record the transaction

Assignment Help Financial Accounting

Reference no: EM131197165

a.) Analyze the effects of each of the following transactions on each of the funds and/or the nonfund accounts of the city of Nancy. Identify the fund that typically would be used to record the transaction.

b.) Indicate how each transaction would be reported in the operating statement for each fund affected.

Example: cash received for licenses during 2011, $8000 Solution.

a.) FA - RL = FB GCA - GLTL = NP $8000 $8000

b.) Revenues of $8000 are reported in the General Fund statement of revenues, expenditures and changes in fund balances. That was an example. So now here comes the questions.

1. Salaries and wages for firefighters and police officers incurred but not paid, $75000

2. The city borrowed $9,000,000 to finance construction for work performed during the fiscal year.

Reference no: EM131197165

Questions Cloud

Find the expected value and variance of y : find the expected value and variance of Y, the number that have not failed during the guarantee period. Within what limit would Y be expected to fall? [Hint: Use Tchebysheff's theorem.]

Find the velocity of the lava bomb : A volcano launches a lava bomb straight upward with an initial speed of 25 m/s. a. Taking upward to be the positive direction, find the velocity of the lava bomb 3.0 seconds after it is launched. Express your answer using two significant figures.

What is the exact angle made : What is the exact angle made when the minute hand and the hour hand of the clock meet between 1 and 2 o clock taking 12 o clock as zero degrees?

What is the expected number of tests needed in method 2 : For fixed k, what is the expected number of tests needed in method 2?

Identify fund that typically used to record the transaction : Identify the fund that typically would be used to record the transaction.- Indicate how each transaction would be reported in the operating statement for each fund affected.

What is the speed of the object at this moment : a) What is the charge on the 1.5 g object? b) What is the closest distance the 1.5 g object will get to the source charge? (Hint: At this closest distance, the object is stopped momentarily while changing direction. What is the speed of the object..

How many titanium atoms does it contain : A pure titanium cube has an edge length of 2.68 . How many titanium atoms does it contain? Titanium has a density of 4.50 g/cm3.

What compass heading : 1. What compass heading (i.e. what direction with North=0?, East=90?, etc.) should you fly? 2. How long will the flight be?2. How long will the flight be?

Free trade agreement between australia and china : HI5016 International Trade & Enterprise Free - Trade agreement between Australia and China or Korea or Japan - Subsidies in Agriculture, Car industry and Clean energy like Solar energy

User Account

All Pages