Record the following journal entries for a capital projects

Reference no: EM13585976

Record the following journal entries for a Capital projects fund: a.The City Council authorizes construction of a fire station to be financed by issuing bonds in the amount of $5,000,000.The capital projects fund records appropriations as a memorandum entry only. b.The General fund loans the Capital projects fund $100,000 for initial expenses c. The Capital projects fund issues bonds in the amount of $5,000,000 d. The Capital projects fund issues a construction contract for $5,000,000 that has specified 5% will be retained until the building is complete and passes inspections e.The contractor bills the city $2,000,000 for construction so far f.The Capital projects fund repays the General fund for the lloan?

Reference no: EM13585976

Questions Cloud

Complete federal income tax forms for a married couple : complete federal income tax forms for a married couple information provided in appendix a under the appendix and forms

The textbook says that some companies may prefer using : the textbook says that some companies may prefer using standard costs rather than actual costs in their process costing

After several days no unusual illnesses have been reported : a new bacterium has been secretly engineered and released by aerosol spray into the populace of a large metropolitan

Because improved computer security measures sometimes : because improved computer security measures sometimes create a new set of problems-user antagonism sluggish response

Record the following journal entries for a capital projects : record the following journal entries for a capital projects fund

Are there ways of preventing host infection by halting the : the clicheacute an ounce of prevention is worth a pound of cure means that preventing a disease is less costly

T who never married nor made any prior inter vivos gifts : who never married nor made any prior inter vivos gifts made taxable gifts of 6 million in 2013. t dies in the current

Draw a kekulediagram for benzene why is this : task 1a draw a kekulediagram for benzene. why is this representation of benzene not considered to be as good as

Define phagocytosis how do some bacteria avoid or survive : define phagocytosis. how do some bacteria avoid or survive the action of phagocytes?nbsp how does the phagocyte arrive

User Account

All Pages