Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The trustees of the Ketzel Park Special Revenue Fund approved the following budget for calendar year 2013:
Transactions and events for calendar year 2013 were as follows:1. Recorded the approved budget for the year.2. Collected $ 250,000 in general admissions fees and $ 160,000 in big cat zoo admissions fees during the year.3. Ordered supplies for $ 38,000.4. All supplies ordered in previous transaction arrived, together with an invoice for $ 37,000. The invoice was approved for payment, but was not paid during the year.5. The Ketzel Park trustees approved a $ 10,000 increase in the cat food appropriation.6. During the year, salaries were paid in the amount of $ 270,000. Also, at year- end, an accrual of $ 9,000 was made for salaries earned but not paid.7. Cat food in the amount of $ 68,000 was purchased, paid for, and consumed. (Purchase orders for cat food are not prepared. Record the liability for receipt of the food and the payment.)Use the preceding information to do the following:a. Prepare journal entries to record the foregoing transactions and events.b. Prepare a statement of revenues, expenditures, and changes in fund balance.c. Prepare a balance sheet. Assume that the fund balance is classified as Committed.d. Prepare a budgetary comparison schedule.
fast-flow paints produces mixer paint through a two state process mixing and packing. the following events depict the
you have been asked to help a local company evaluate a major capital expenditure. the company is a new internet company
Magrath Company has an operating cycle of less than one year and provides credit terms for all of its customers, On April 1, 2011, the comany factored, without recourse, some of its accounts receivable. What are the two basic approaches to estimat..
schedule of cash payments select physical therapy inc. is planning its cash payments for operations for the third
you are auditing the accounts receivable balance of a cable television provider. individual accounts receivables tend
sonne company produces a perfume called whim. the direct materials and direct labor standards for one bottle of whim
latin america has some very unique physical geographical climate landforms etc.. phenomena. explain and describe using
foster company makes power tools. the budgeted sales are 420000 budgeted variable costs are 147000 and budgeted fixed
identify whether the following tests are substantive analytical procedures tests of details of transactions or tests of
on september 1 2011 select company borrowed 600000 from a bank and signed a 12 six-month note payable with interest on
In April 2006, ABC Motors had Total Sales of $100,000; Total Expenses of $60,000 and a beginning balance of Retained Earnings of $25,000. The company will pay a $10,000 dividend this month (the dividend was declared this month as well). What is th..
Assume that spoilage loss is charged to all production during August. What would be the unit cost of the good coats produced on Job 501?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd