Prepare entries in general journal form to record the

Assignment Help Accounting Basics

Reference no: EM13606368

Prepare entries in general journal form to record the following transactions in General Fund general ledger accounts for the fiscal year 2012. Please use the modified accrual accounting approach in recording the transactions.

a. The legal budget for the provided for $6,530,000 of estimated revenues and $5,975,000 of appropriations.

b. Assume that are $340,000 of purchase orders outstanding at the end of last fiscal year and these purchase orders will be honored in the current year. Prepare the entries to re-establish the encumbrance.

c. Property taxes were levied in the amount of $4,650,000. It is estimated that 3.5 percent of the taxes will not be collected.

d. Purchase orders were issued for equipment and supplies in the amount of $2,760,000. Supplies that were relating to all of the prior year purchase orders ($ 340,000) were received along with invoices amounting to $336,800. Collections of current property taxes amounted to $4,190,000. The uncollected taxes were recorded as delinquent.

Reference no: EM13606368

Questions Cloud

The response amplitude of the table is no larger than 1 : a table has a mass of 500 kg. the floor is known to have a vibration amplitude of 1 micro-meter at a frequency of 200

Julie throws a ball to her friend sarah the ball leaves : julie throws a ball to her friend sarah. the ball leaves julies hand a distance 1.5 meters above the ground with an

At december 31 2011 the fair value of the ritter inc bonds : at december 31 2011 the fair value of the ritter inc. bonds was 530000. what should landis co. report as other

Plot the magnitude of the transmitted force as a function : the 500 lbf motor is supported on springs with a total stiffness of 5000 lbfin. the springs have a damping ratio of

Prepare entries in general journal form to record the : prepare entries in general journal form to record the following transactions in general fund general ledger accounts

Eva is used by top management at college learning : eva is used by top management at college learning technologies to measure and evaluate the performance of segment

A lead wire of cross-sectional area 0980 mm2 is at a : a lead wire of cross-sectional area 0.980 mm2 is at a temperature of 2.00 k and carries a current of 0.490 a. a find

This is an entry for a journal formaton april 1 2009 minor : this is an entry for a journal formaton april 1 2009 minor company paid 5280 for a 2 year insurance policy.on that date

A cube of ice is taken from the freezer at -82c and placed : a cube of ice is taken from the freezer at -8.2c and placed in a 92g aluminum calorimeter filled with 309g of water at

User Account

All Pages