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Question - Property Taxes
Make all required General Fund journal entries for the Doyle County Public Schools for 20X6, including adjusting entries, required by the following information.
1. The Doyle County Public Schools Board of Education adopted the 20X6 General Fund budget presented by Superintendent Jacob Doyle at its final meeting of 20X5. Budgeted revenues were $21 million and appropriations totaled $20.4 million, Record the budget as of the beginning of the 20X6 fiscal year. 2. Doyle County Public Schools levied property taxes of $13.5 million. Three percent is expected to be uncollectible.
3. Taxes of $11 million were collected prior to the due date. The remainder of the taxes became past due.
4. 600000 of taxes were collected after the due date but prior to year end, which is December 31st.
5. $350000 of taxes were collected in January 20X7, $200,000 in February, and $100,000 in March 20X7.
Suppose the accountant has wrongly computed the closing stock while adding stocks, to an extent of 30%. What would be the impact on the profit of the Alpha Ltd
homestead oil corp. was incorporated on january 1 2013 and issued the following stock for cash800000 shares of no-par
Late Appointment of Auditors. Anderson, Olds, & Watershed (AOW) has completed the audit of the financial statements of Musgrave Company for the year ended.
macon farms raises peaches that at harvest are separated into three grades premium good and fair. joint cost is
Peterson Company purchased machinery for $480,000 on January 1. 2009. Straight-line depreciation gas been recorded based on a $30,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2013 at a gain of $9,000.
Both projects require an initial investment of $700,000. In both cases, assume that the equipment has a life of five years with no salvage value.
1.On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $ 35,000 of sales salaries
The lease payment is due at lease signing date and each of the following December 31. Calculate the annual lease payment
a short-term capital loss carryover from 2010 of $700, a long-term capital gain of $1,800, and a long-term capital loss of $1,000
calculation of net income from the change in stockholders equity. presented below is certain information pertaining to
If Maria fails to meet payments under the loan agreement, can the bank enforce the guarantee against the company?
Assume the Trailer division currently only sells 9,900 trailers to outside customers, What is the range of acceptable prices that could be used on transfers
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