User Account

All Pages

What is the journal entry for the budget

Assignment Help Accounting Basics
Reference no: EM132973442

Problem - In 2020 tax year, Nassau county is anticipating revenues of $500,000. The county authorizes $400,000 for salaries, $50,000 for advertising, and $50,000 for utilities. What is the journal entry for the budget at the end of the period, if any, in the fund financial statements and the government wide financial statements?

Reference no: EM132973442

Questions Cloud

Describe the different types of skills : 1. Describe each of the different types of skills that you need as a manager and why these are important to your success. EX: interpersonal skills.
Determine the cost of debt, cost of equity and WACC : Corporate tax rate is 35%, and the firm is 70% equity financed. Determine the cost of debt, cost of equity and WACC
What nomi tax liability with respect to the dividends is : $375 in qualified dividends from omega Corp. nomi's tax liability (not yet including any net investments income tax) with respect to these dividends is?
Compare and contrast oral and written communication : 1. Compare and contrast oral and written communication 2. Discuss the organizational barriers to communication.
What is the journal entry for the budget : The county authorizes $400,000 for salaries, $50,000 for advertising, and $50,000 for utilities. What is the journal entry for the budget
Prepare any relevant journal entries pertaining for harold : Prepare any relevant journal entries pertaining to 2010 for Harold. An unexpected flood resulted in damage to Harold's warehouse resulting in $500,000
Supportive and inclusive environment for lgbtq : What are some ideas that you have for helping to a supportive and inclusive environment for LGBTQ+ people when they are attending college? What sort of programs
Common indicators or signs of crisis in people : 1. What are four (4) common indicators or signs of crisis in other people?
Prepare any relevant journal entries for frank : Prepare any relevant journal entries for Frank. Frank's bad debt expenses for accounts receivable were recorded at a rate of 1.5%

Reviews

Write a Review

Accounting Basics Questions & Answers

  Selected transactions for tina cordero company

Selected transactions for Tina Cordero Company

  Calculate the profit margin and gross profit rate

Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations

  What would be the total combined direct labor cost

The production budget calls for producing 7,100 units in March and 6,900 units in April. What would be the total combined direct labor cost

  What steps are necessary to secure a wi-fi protected access

What are the risks of transmitting data over an unsecured Wi-Fi network? What steps are necessary to secure a Wi-Fi Protected Access network?

  Develop a process that firms can use

REVIEW THE CASE STUDY THEN ANSWER THE QUESTIONS BELOW - Develop a process that firms can use when identifying and developing supply chain alliances

  How would each of preceding items reported on statement

How would each of the preceding items be reported on the statement of financial position? Consider the Service-type warranties on appliance sales

  A 25-room budget motel expects its occupancy next year to

a 25-room budget motel expects its occupancy next year to be 80 percent. the owners investment is 401600. they want an

  Describe any aspects of this decision that the company

Suppose that a large company is considering replacing a legacy system that is nearing obsolescence. Describe any aspects of this decision that the company should consider.

  Add the new cost function to the preceding cvp chart h

breakeven cvp potential cost structure change employee reaction ersatz manufactures a single product. the following

  The rah manufacturing company has two service departments

the rah manufacturing company has two service departments maintenance and accounting. the maintenance departments cost

  Acme fireworks uses a traditional overhead allocation based

acme fireworks uses a traditional overhead allocation based on direct labor hours. for the current year overhead is

  Identify the fixed and variable elements of a mixed cost

What are the four methods commonly used to identify the fixed and variable elements of a mixed cost

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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