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Prepare(a) The journal entries for 2012 necessary to record the following events and transactions for the College Scholarship Fund(b) A statement of changes in fiduciary fund net position for the fiscal year ending December 31, 2012, for the fund(c) A statement of fiduciary fund net position as of that date; and(d) The 2012 closing entry (entries) for the fund.1. The City of Rocky Basin received a $ 2,000,000 gift from a prominent citizen. The terms of the gift require the city to maintain the principal intact investment income is to be used to provide college scholarships for deserving graduates of Rocky Basin High School.2. The city invested the entire gift in CDs.3. Interest income of $ 100,000 was received in cash.4. That $ 100,000 was reinvested in short- term CDs.5. The short term CDs matured, yielding interest income of $ 1,000.6. Interest income of $ 112,000 was received in cash.7. Scholarships totaling $ 65,000 were paid to eligible students. 8. Interest income of $ 2,300 was accrued at the end of 2012.9. The General Fund charged the Scholarship Fund $ 3,000 , $ 2,000 for managing the investments and $ 1,000 for administering the fund. The amounts were unpaid at fiscal year end.
the stockholders equity section of kay corporation at december 31 2005 included the following accountspreferred stock 9
Journalize all entries for Synergy Bank related to the note for 2012 and 2013 - How much in total would Kelsing pay the bank if she pays off the note early on April 30, 2013?
on august 31 2013 the silva company sold merchandise to the bendix corporation for 250000. terms of the sale called for
the following information was gathered from the books of aampa products in order to prepare its bank
atampts financial statements for the 2010 and 2009 fiscal years contained the following information balance sheets 2010
HD determined that it was more likely than not that 30% of the deferred tax asset ultimately would not be realized. HD made no estimated tax payments during 2011. What amount should HD report as income tax expense in its 2011 income statement?
cleary company had total sales of 550000 sales discounts of 10000 sales returns of 40000 and cost of merchandise sold
explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale.
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on june 20 2010 the company paid 2115 on the equipment loan and 429 on accrued interest. of the 429 220 was accrued
rockwell company owns a single restaurant which has a cantina primarily used to seat patrons while they wait on their
Explain a possible reason behind the conventioneers' unhappiness.
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