In recording its adopted operating budget a village debits

Assignment Help Accounting Basics
Reference no: EM13588958

In recording its adopted operating budget, a village debits estimated revenues $1,000,000 and credits appropriations $1,050,000. What additional journal entry is necessary?

Reference no: EM13588958

Questions Cloud

After several collection attempts cjs cabinet company wrote : the following information pertains to cjs cabinet companys sales on account and accounts receivablenbspnbspaccounts
What is the rotational inertia of a solid iron disk of mass : what is the rotational inertia of a solid iron disk of mass 48 kg with a thickness of 3.57 cm and radius of 19.5 cm
What is the minimum coefficient of static friction between : a penny is sitting on the edge of an old phonograph disk that is spinning at 45 rpm and has a diameter of 6.5 inches.
Standard cost systems consider the following two separate : standard cost systems consider the following two separate firms. one firm manufactures flexible packaging films for the
In recording its adopted operating budget a village debits : in recording its adopted operating budget a village debits estimated revenues 1000000 and credits appropriations
On january 1 2008 desmet company purchased office equipment : on january 1 2008 desmet company purchased office equipment that cost 29000 cash. the equipment was delivered under
Dubois inc wishes to accumulate 1300000 by december 31 2022 : dubois inc. wishes to accumulate 1300000 by december 31 2022 to retire bonds outstanding. the company deposits 200000
An achromatic lens is made of two very thin lenses with : question an achromatic lens is made of two very thin lenses with focal lengths f1 -28.7 cm and f2 20.4 cm that are
An investor is comparing the following two bonds a bond : an investor is comparing the following two bonds a bond from abc corp which pays an interest rate of 9 percent per year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Indicate a nongovernmental not-for-profit organization

Indicate a nongovernmental not-for-profit organization you have some personal experience with. Have you seen their financial statements or form 990?

  As at december 31-2012 a company has total assets of 3500

q 1 as at december 31-2012 a company has total assets of 3500 current assets of 1500 and fixed assets of 2000 debt of

  Calculate the companys debt ratio

Maxey company had current and noncurrent liabilities of $50,000 and $150,000, respectively. The company's current assets were $76,000, out of a total asset figure of $424,000. Calculate the company's debt ratio.

  Interest income-expense of the year

Jarret's interest payments on the loan this year are $4000,and his principal payments are $900. a. Should Jarret report any interest income this year? b. Can Jarret deduct any interest expense this year?

  Social security 6 on maximum earnings of 10000medicare tax

the following information is for employee james for the week ended march 15total hours worked48federal income tax

  Sec and european equivalent views of gaap

The SEC and its European equivalent are trying to merge their respective views of GAAP (Generally Accepted Accounting Principles). What are the easy points and what are the stumbling blocks?

  The normal selling price is 1775 per unit the companys

glade company produces a single product. the costs of producing and selling a single unit of this product at the

  During your year-end review of the accounts related to

in 2011 space technology company modified its model z2 satellite to incorporate a new communication device. the company

  The general ledger of the karlin company a consulting

the general ledger of the karlin company a consulting company at january 1 2011 contained the following account

  Indicate how the distributions would be treated

W Corporation was owned by shareholder C prior to a sale of all of his stock (basis at the beginning of the year, $5,000) to D in June for $10,000. During the year, W Corporation distributed $60,000 on May 1 and $40,000 on September 1. Indicat..

  Prepare the journal entries to record the exchange

Holyfield Corporation wishes to exchange a machine used in its operations. Holyfield has received the following offers from other companies in the industry.

  E order processing overhead should be allocated to jackets

The company places raw materials orders 10 times per month, 2 times for raw materials for sweaters and the remainder for raw materials for jackets. How much of the order processing overhead should be allocated to jackets?

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