Reference no: EM132575906
Question - The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2017:
1. Beginning balances were: Cash, $93,000; Taxes Receivable, $189,500; Accounts Payable, $52,250; and Fund Balance, $230,250.
2. The budget was passed. Estimated revenues amounted to $1,230,000 and appropriations totaled $1,227,400. All expenditures are classified as General Government.
3. Property taxes were levied in the amount of $915,000. All of the taxes are expected to be collected before February 2018.
4. Cash receipts totaled $885,000 for property taxes and $297,500 from other revenue.
5. Contracts were issued for contracted services in the amount of $95,250.
6. Contracted services were performed relating to $85,500 of the contracts with invoices amounting to $83,900.
7. Other expenditures amounted to $963,500.
8. Accounts payable were paid in the amount of $1,092,500.
9. The books were closed.
Required - Prepare Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumbrances are committed by contractual obligation.
What is the balance in the investment in account
: In 2020, Down has net income of $320,000 and pays $80,000 of dividends. What is the balance in the investment in account on Fox's financial records
|
Economic effects of regulations and deregulation
: Compare and contrast the economic effects of regulations and deregulation on surface and air transportation. A thesis statement is required.
|
What is the balance in the investment in account
: In 2020, Down has net income of $320,000 and pays $80,000 of dividends. What is the balance in the investment in account on Fox's financial records
|
Differences between unstructured and structured interviews
: So how should you go about increasing the effectiveness of your interviews? What are the major differences between unstructured and structured interviews?
|
Prepare Balance Sheet for the General Fund
: Prepare Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumbrances
|
What amounts are included in ralph gross income
: What amounts are included in Ralph's gross income this year if a tenant signs lease 1 on December 1 and makes timely payments
|
Ethical behavior is corporate issue
: Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations?
|
Process for managing and organizing information
: Identify a Process for Managing and Organizing Information. Describe the second software and compare the two.
|
Prepare Statement of Revenues and Expenditures
: Accounts payable were paid in the amount of $1,092,500. Prepare Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund
|