On 12th july 2011 fred city ordered a new computer at an

Assignment Help Financial Accounting

Reference no: EM13370974

On 12th July, 2011, Fred City ordered a new computer at an anticipated cost of $114,400. The computer was received on July 16 with an actual cost of $116,220. Payment was subsequently made on 15th August, 2011.

A) Prepare all the needed journal entries and identify the type of fund in which each entry was recorded for the Fund Based Financial Statements.

B) Prepare all the required journal entries and find the type of fund in which each entry was recorded for the Government Wide Financial Statements.

Reference no: EM13370974

Questions Cloud

Transaction taxable income increase decrease eampp : transaction taxable income increase decrease eampp increase1. realized gain of 50000 on involuntary conversion of

Manufacturing statements and cost behaviortampa foundry : manufacturing statements and cost behaviortampa foundry began operations during the present year manufacturing various

Updike and patterson investments inc upi hold equity : updike and patterson investments inc. upi hold equity investments with a cost basis of 250000. upi accounts for these

Find a real-life outsourcing decision that has been made : find a real-life outsourcing decision that has been made. find the specific reasons for the outsourcing. if information

On 12th july 2011 fred city ordered a new computer at an : on 12th july 2011 fred city ordered a new computer at an anticipated cost of 114400. the computer was received on july

Abc corporation had net income from continuing operations : abc corporation had net income from continuing operations for year 2011 totaling 340000. the accountant did not take

Calafs drillers erects and places into service an offshore : calafs drillers erects and places into service an offshore oil platform on 1st january 2013 at a cost of 10375000.

Pro golf warehouse inc pgw sells gold equipment all through : pro golf warehouse inc. pgw sells gold equipment all through the united states. pgw also sells golf equipment in canada

The dempere imports companys eps in 2011 was 300 and in : the dempere imports companys eps in 2011 was 3.00 and in 2006 it was 1.80. the companys payout ratio is 30 percent

User Account

All Pages