Journal entries for fund and government financial statement

Reference no: EM1310271

A city orders a new computer for its General Fund at an anticipated cost of $88,000. Its actual cost when received is $89,400. Payment is subsequently made. Give all required journal entries for fund and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund financial statements present?

Reference no: EM1310271

Questions Cloud

Determining firm-s expected free cash flow to equity : Determine the firm’s expected free cash flow to equity (FCFE) per share next year under these suppositions?

Show the accounts and changes : Show the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. show the effects of $80,000 cash dividend on stockholders' equity.

What force is required to hold it completely : A thin flat plate is installed in a water tunnel as a splitter. The plate is 0.3 m long and 1 m wide. The free stream speed is 1.60 m/s. laminar boundary layers form on both sides of the plate. The boundary-layer velocity profile is approximated as p..

What is the mass of fish : What is the largest wavelength that will give constructive interference at an observation point 171 from one source and 295 from the other source.

Journal entries for fund and government financial statement : Provide all required journal entries for fund and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund out financial statements present?

Computing present value of stock by retention rate on equity : Retention rate and experience the return on equity of 14%. The required rate of return for investor is 12.5%. Compute the present value of the stock is?

How much does the firm currently earn per share : How much does the firm currently earn per share and What proportion of the firm does Warren currently own and What proportion of the firm will Warren own after the stock dividend?

What is the lumberjack''s speed relative to shore : An astronaut on a small planet wishes to measure the local value of g by timing pulses travelling down a wire which has a large object suspended from it. Imagine the wire of mass 3.80 g is 1.60 m long and has a 3.00-kg object suspended from it. A pul..

Computation of eps : Computation of EPS and I want to compute the degree if operating leverage and financial leverage and the combined leverage

User Account

All Pages