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Question: (Journal entries for a Private Purpose Trust Fund) Record the following journal entries in the Children's Book Fund, a city's Private Purpose Trust Fund that supplies books for children in privately owned battered women's shelters.
1. A citizen donated $500,000 to a Private Purpose Trust Fund. The trust specified that this money was to be used to acquire children's books for battered women's shelters.
2. The fund invested $420,000 in CDs.
3. Books costing $45,000 were acquired.
4. Interest income of $20,000 was received in cash from the CDs.
5. The accounts were closed for the year.
Calculate the ending inventory of drums for December of the prior year, and for January and February.
pandora inc. makes a rights issue at a subscription price of 7 a share. one new share can be purchased for every seven
grunewal company manufactures a professional grade vacuums cleaner and began operations in 2011. for 2011 grunewald
analyze the account balances for account receivable inentory and shortcurrent long-term deb. describe any observations
The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?
read the virgin america lands in the united states case study and provide a detailed and specific answer for the
Calculate the predetermined overhead rate for 2014, assuming ABC Company estimates total manufacturing overhead costs of $980,000
Fully vested incentive stock options exercisable at $40 per share to obtain 28,000 shares of common stock were outstanding during a period when the average market price of the common stock was $50 and the ending market price was $50.
Corporate Law Case Studies, case for Designco Pty ltd designs, manufactures and distributes craft kits for children, case for Andrew and Belinda are the only shareholders and directors of Sailors Pty Ltd
julian berta and maria own 400 shares 400 shares and 200 shares respectively in jbm corporation with earnings and
Assume that the only change in the original example data is that Blue Cross raises their discount to 20 percent. What price should be set?
In September, Leno Company receives a special order for 24,700 toasters at $7.8 each from Centro Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in fixed operating expenses. ..
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