The capital project fund had just been created to account

Assignment Help Accounting Basics
Reference no: EM13576803

The capital project fund had just been created to account for resources received and expended for the construction of a new health center. Funding for the health center is being provided by a $5,000,000 general obligation bond sale, a direct transfer from the general fund and a federal grant. The grant terms provided that the federal government will pay only up to 20% of all project expenditures incurred, unused funds must be returned at the completion of the project. Required elements Journalize the requested transactions for the capital project fund, debt service fund, general fund. Prepare closing entries for the capital projects fund. Provide the missing values for the capital projects and debt service funds financial statement. adopted project budget 3000000 general fund operating budget

5000000 general obligation bonds, 2000000 estimated federal grant, 10000000 appropriations record the adoption of the capital project fund budget.

Reference no: EM13576803

Questions Cloud

Debra does not elect immediate expensing under sect 179 she : debra acquired the following new assets during 2013dateassetcostapril 11office furniture40000july 28trucks40000november
Develop three- and four-month moving averages for this time : corporate triple a bond interest rates for 12 consecutive months are 9.5 9.3 9.4 9.6 9.8 9.7 9.8 10.5 9.9 9.7 9.6 and
On a particular day during the most recent golf tournament : question a pga professional golf association tournament organizer is attempting to determine whether hole pin placement
The adjusted trial balance for otam corp at the end of the : the adjusted trial balance for otam corp. at the end of the current year 2014 contained the following accounts.5-year
The capital project fund had just been created to account : the capital project fund had just been created to account for resources received and expended for the construction of a
It is found that on average each person who regularly : q1. a small town has a population of 20000 people. among these 1000 regularly visit a popular local bar. a sample of
Use the gasoline sales time series data from table to show : use the gasoline sales time series data from table to show the exponential smoothing forecasts using a 0.1. using the
Suppose that 65 of all adults regularly consume coffee what : suppose that 65 of all adults regularly consume coffee 50 regularly consume carbonated soda and 75 regularly consume
Blue corporation donates the following property to johnson : blue corporation donates the following property to johnson elementary schoolu2022 xyz corporation stock purchased two

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd