Journal entries for government based on production

Reference no: EM13146735

Conrad Thamm, a citizen of Basking Knoll, donated comon stock valued at $22,000 to the city under a trust agreement. Under the terms of the agreements, the principle amount is to be kept intact; use of revenue from the stock is restricted to financing academic college scholorships for needy students.

On December 14, 1981, dividends of $1,100 were received on the stock received donated by Mr. Thamm.

Prepare Journal Entries for the government based on the production of fund-based financial statements. Than prepare JE entries in anticipation of preparing governement-wide financial statements. Before each JE state which fund the JE is recorded in.

Reference no: EM13146735

Questions Cloud

What is the rate law : If 2.0x10^-4 moles of S2O8. In 100 ml solutions is consumed in 120 seconds what is the rate law

Inventory balance-badger report : Suppose that Badger's 2010 ending inventory, valued at year-end costs, was $143,000 and that the relative cost index for this inventory in 2010 was 1.10. In determining the inventory balance should Badger report in its 12/31/10 balance sheet:

Explain how many grams of copper are in the necklace : How many grams of copper are in the necklace? 3. If 18-karat gold has a density of 15.5 , what is the volume in cubic centimeters?

Proper year-end adjustment for the expired insurance : Waterfalls Corporation purchased a one-year insurance policy in January 2009 for $60,000. The insurance policy is in effect from March 2009 through February 2010. If the company neglects to make the proper year-end adjustment for the expired insur..

Journal entries for government based on production : Prepare Journal Entries for the government based on the production of fund-based financial statements. Than prepare JE entries in anticipation of preparing governement-wide financial statements. Before each JE state which fund the JE is recorded i..

Explain the reactor pressure vessel rose in temperature : While shutdown, the core accidentally went critical and the reactor pressure vessel rose in temperature and was hot for two hours, but all instrumentation has failed and no one is sure what the temperature was.

Dale corporation taxable income : For tax purposes, the corporation has elected to take advantage of the maximum benefit for expensing organizational costs. No additional book/tax differences exist. For the year ended December 31, Year 1, Dale Corporation's taxable income was:

"air mass" or isolated thunderstorms : 1. Discuss the differences and similarities between "air mass" or isolated thunderstorms, mesoscale convective complex thunderstorms, and "supercell" thunderstorms. Which have the most potential for severe weather, and why?

Explain this situation using a basic economic principle : water usage in the apartment complex went way down. Explain this situation using a basic economic principle.

User Account

All Pages