Reference no: EM132461785
Among the activities of Calabash County for the fiscal year beginning July 1, 2005, and ending June 30, 2006, were the following:
2005
July 1 Approved the annual budget for the Gasoline Tax Special Revenue Fund as follows: Appropriations, $600,000. estimated revenues, $640,000,
July 5 Executed a contract for the construction of a new public library at a total cost of $5 million
Aug. 1 Authorized a special assessment of $400,000 on residents of the North Sub- division for construction of sidewalks. The special assessment, which was payable in five annual installments of $80.000 beginning October 1, 2005, with interest at 9% a year on the unpaid installments, was to be accounted form the Special Assessment Special Revenue Fund.
Sept.1 Acquired from proceeds of general tax revenues equipment costing $20,000 (the related purchase order was for $19,600). The equipment was to be used by the general government of Calabash County, which does not depreciate plant assets, in the voluntarily maintained General Capital Assets Account Group. The county uses encumbrance accounting
Instructions:
Question 1. Prepare journal entries for the fiscal year ended June 30, 2006, for the foregoing transactions or events of Calabash County.
Question 2. Identify the funds or account groups
Determine the maximum amount of cash the dean
: Use Present Value Appendix PV of $1, to determine the maximum amount of cash the dean should be willing to pay for a copy machine.
|
State the null and alternative hypotheses
: In an article appearing in Today's Health a writer states that the average number of calories in a serving of popcorn is 76. To determine if the average
|
What is the conclusion of the study
: The researchers concluded that cryotherapy is significantly more effective in treating warts that duct tape. What is the conclusion of the study?
|
Discuss how a business manager might use cpi statistics
: Choose a product or service you currently consume/use, such as apparel or educational services, that is included in the CPI's "market basket." Find the annual.
|
Identify the funds or account groups
: Prepare journal entries for the fiscal year ended June 30, 2006, for the foregoing transactions or events of Calabash County.Identify the funds or account group
|
What is the probability that either of the compartments
: What is the probability that either of the compartments has at least 2 coins that landed heads? Express your answer as a common fraction.
|
Calculate the flexible budget variance for sales revenue
: PC, Inc. is a parent company of two subsidiaries, BMS, Inc. (BMS) and CYT, Inc. (CYT). Calculate the flexible budget variance for sales revenue
|
List all sales made by drezen in january
: List all sales made by Drezen in January in descending order by sales amount. (name query (DrezenJanSales) Remember to restrict by 'Drezen' rather than employee
|
Generational differences in workplace attitudes
: In 2015, Addison Group (a provider of professional staffing services) and Kelton (a global insights firm) surveyed the work preferences and attitudes of 1,006
|