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Question - The budget approved on July 1, 2020 for the General fund was as follows: Estimated Revenues 500,000 L.E, appropriations 300,000 L.E. On July 5 taxes collected in cash 140,000 L.E. On Aug, 12 income taxes levied on tax payers 200,000 L.E. On Aug 24 the governmental unit obtained services from suppliers for 50,000 L.E vouchers. On Sept.19 the government unit signed purchase order with supplies of materials for 130,000 L.E. Prepare General fund balance sheet on each date of Governmental transactions.
Stand Todd Inc want to manufacture a new cell phone that can be worn on the wrist. What would the Contribution margin ratio be
Prepare the bank reconciliation statement from the following information. Bank overdraft as per Bank Statement Rs. 4500.
2. Cash dividends of $9,000 were declared and paid in 2014. 3. Land was sold for cash at a loss of $7,000. This was the only land transaction during the year.
Kangaroo Ltd enters into an agreement to sell Inventory to Emu Ltd for $79 000 on 10 October 2020. Prepare the journal entries to be recorded by Kangaroo Ltd
stonehenge inc. a manufactuerer of landscaping blocks began operations on april 1 of the current year. during this time
The balance of Pala Corporation's investment in Saga Company account at December 31, 2018, was $872,000, Calculate Pala income from Saga
Determine the price that Current Designs would charge to complete the repairs for the customer.
Which is an example of an exempt organization that may be subject to unrelated business income tax? When canceled debt is jointly held by both spouses
On March 1 2019. Aco had 40,000 shares of common stock outstanding with par value of $5 per share. Determine amount (debited) or credited to retained earnings
In 2019, married taxpayers pay 0 percent on long-term gains up to $78,750. What will be their 2019 total tax liability
Jason Co. assigned $1,000,000 of accounts receivable to Easy Finance Co., What the amount of cash Jason received from Easy at the time of the transfer was
What is the effect on Posada's financial statements from this sale of 1,000 shares? (Do not round your intermediate calculations.)
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