User Account

All Pages

Journal entries for these budgetary and financial accounts

Assignment Help Accounting Basics
Reference no: EM13868965

The ledger of the General Fund of the City of New Elisa shows the following balances at the end of the fiscal year. Prepare closing journal entries for these budgetary and financial accounts.
Estimated revenues ....... $ 300,000
Appropriations ....... 305,000
Budgetary fund balance...... 5,000
Revenues............ 300,000
Expenditures .......... 285,000
The ledger of the General Fund of the City

Reference no: EM13868965

Questions Cloud

What is the nature of financial management : What is the nature of Financial Management. Descricbe Financial function along with Financial goals and role. The work should be in PPT format, need 10 to 15 PPT for the same.
The hogback company sold the red rocks ranch : On January 1, 2010 the Hogback Company sold the Red Rocks Ranch, which constituted 20,000 acres of undeveloped land, to a limited partnership for $50 million.
State the effect of the year operating results : State the effect of the year operating results on the library fund balance.
Draw free body diagrams and show coordinate system : Draw free body diagrams and show coordinate system. Problem 1: An archer shoots an arrow vertically upward. If the arrow ascends to a maximum height of 100 feet.
Journal entries for these budgetary and financial accounts : The ledger of the General Fund of the City of New Elisa shows the following balances at the end of the fiscal year. Prepare closing journal entries for these budgetary and financial accounts.
What happened on the road to emmaus? : What happened on the road to Emmaus?
Write a short summary of how he used the key components : For your first written assignment, choose one of the first social actions Myles Horton participated in and write a short summary of how he used the four key components of story, shared story, risk-taking, and collective action to promote social ch..
Trinidad company report on its balance sheet : On January 1, 2010, the Hadad Company entered into a consignment agreement with the Trinidad Company. The agreement specifies that the consignee (Trinidad) is to sell the merchandise at a price of 30% above cost.
Find and summarize three cases of research ethics violations : Find and summarize three cases of research ethics violations and their consequences in your area of study(choose your own topic of interest ).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimate cash collections for march

Estimate the sales revenue for August, September, and October - Estimate cash collections for March and the cash balance at March 31 under the present policy and under the discount policy.

  The project is completed in 2012 and a successful patent is

the project is completed in 2012 and a successful patent is obtained. the rampd costs to complete the project are

  Toys r us had cost of goods sold in 2004 of7506 million and

a on march 10 anthony company received merchandise forresale from its normal supplier. the price was 3600 withterms of

  Glendo farm supply company manufactures and sells a

glendo farm supply company manufactures and sells a pesticide called snare. the following data are available for

  Shortcomings in the payroll procedures

Identify the shortcomings in the payroll procedures used in the payroll department of the Galena plant and suggest corrective actions.

  Periodic inventory by three methods cost of merchandise

periodic inventory by three methods cost of merchandise sold the units of an item available for sale during the year

  Amount of cost of goods sold

Based on the information given above, what amount of cost of goods sold did ABC record in 2008?

  Stock a has a beta of 5 and investors expect it to return 5

stock a has a beta of .5 and investors expect it to return 5. stock b has a beta of 1.5 and investors expect it to

  Prepare the paid-in capital portion

Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2007.

  Annual income is constant over the life of the project each

1omega company is considering three capital expenditure projects. relevant data for the projects are as follows.project

  I the gain is from the portfolio is the 10 added to each

if the gain is from the portfolio is the 10 added to each amount on the balance sheet? how is this reported on the

  A company issues bonds with a par value of 800000 on their

a company issues bonds with a par value of 800000 on their issue date. the bonds mature in 5 years and pay 6 annual

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