How would you recommnd that the university maintain

Assignment Help Accounting Basics
Reference no: EM13599249

Refer to the transactions in the previous probelm.

1. Prepare the journal entries for the university to make in its governmental fund (e.g., its general fund or a capital projects fund).

2. How would you recommnd that the university maintain accounting control over the capital assets themselves - those that you did not record as assets in the governmental funds?

Reference no: EM13599249

Questions Cloud

Rick company has declared a 40000 cash dividend to : 1. brandon corporation issues 2000 shares of 40 per common stock for 43 per share. the amount credited to paid-in
What reservations might you have as to the engineers : 1. what reservations might you have as to the engineers estimate of useful life? why might any estimate of a highways
If direct labor-hours are considered as the only overhead : blitzer enterprises has identified three cost pools and three corresponding cost drivers to allocate overhead costs.
Part j88 is used in one of quinney corporations products : part j88 is used in one of quinney corporations products. the company makes 3000 units of this part each year. the
How would you recommnd that the university maintain : refer to the transactions in the previous probelm.1. prepare the journal entries for the university to make in its
On january 6 gramke co sells merchandise on account to : on january 6 gramke co. sells merchandise on account to colt inc. for 8000 terms 110 n30. on january 16 colt pays the
Repare the adjusting entry at december 31 2010 to record : at december 31 2010 the trial balance of olpe company contained the following amounts before adjustment.debits
Upon close scrutiny of the statement of cash flows robert : tappit corp. is a medium sized wholesaler of automotive parts. it has ten stockholders who have been paid a total of 1
Douglas manufacturing company has two production : douglas manufacturing company has two production departments cutting and assembly. july 1 inventories are raw materials

Reviews

Write a Review

Accounting Basics Questions & Answers

  Stanford issues bonds dated jan 1 2010 with a par value of

stanford issues bonds dated jan 1 2010 with a par value of 500000. the bonds annual contract rate is 9 and interest is

  A corporation adopted the doalr value lifo method of

a corporation adopted the doalr value lifo method of inventory valuation on dec 31 2011. its inventory at that date was

  Prepare an income statement-variable costing

Prepare an income statement for this current year using the variable costing income statement.

  August 5th a small ofice building is purchased for 320000

august 5th. a small ofice building is purchased for 320000 by paying 3200 down and taking out a fifteen-year 4 288000

  Basis of machine-hours

Simplex estimates that 11,700 direct labor and 14,300 machine-hours will be worked during the year. If overhead is applied on the basis of machine-hours, the overhead rate per hour will be:

  Montour company has determined a standard variable overhead

montour company has determined a standard variable overhead rate of 2.40 per direct labor hour and expects 1 labor hour

  What are some of the accounting issues

What are some of the accounting issues that the city faces when accounting for defined benefit plans as compared to a defined contribution plan?

  You buy a 6 year 8 cd for 1000 interest is compounded

you buy a 6 year 8 cd for 1000. interest is compounded annually. how much is it worth at

  Compute the total materials variance and the price and

the standard cost of product b manufactured by mit company includes 3.00 units of direct materials at 5.00 per unit.

  Due to obsolescence security equipment has a useful life of

moreau lock amp key ltd. has a hefty investment in security equipment as reported in the companys balance sheet at

  Why is it important for an accounting system to force the

why is it important for an accounting system to force the user to add a vendor to the system instead of just typing out

  What are the tax consequences to the partners and the

formation of a partnership. on may 31 six brothers decided to form the grimm brothers partnership to publish and print

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