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Question: A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, the principal must be maintained, but the earnings of the fund are to be used to purchase database and periodical subscriptions for the library. A preclosing trial balance of the library permanent fund follows:
a. Prepare any closing entries necessary at year-end.
b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the library permanent fund.
c. Prepare a balance sheet for the Library Permanent Fund (Use Assigned to Library for any spendable fund balance).
the balance in the prepaid insurance account before adjustment at the end of the year is 11500. journalize the
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Croton Public Safety Department placed two purchase orders against its supplies appropriation, one for $ 300 for firearms and one for $ 150 for uniforms.
cole corporation issued 400000 7 20-year bonds on january 1 2014 for 360727. this price resulted in an
As a result of these transactions, what is the amount of warranty expense for the year and what is the ending balance in Warranty Payable.
On January 1, 2009, Dermot Company purchased 15% of the voting common stock of Horne Corp. On January 1, 2011, Dermot purchased 28% of Horne's voting common stock. If Dermot achieves significant influence with this new investment, how must Dermot ..
Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash plus brokerage fees of $500. Interest is payable semiannually on July 1 and January 1. The entry to record the December 31 interest accrual would include:
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