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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.
team shirts had a return on equity of 23. average shareholders equity for the corporation was 123000. there were 45000
following balance sheet of ms combined industries relates to the year ended december 31 2000.assetrsliabilities and
If I have $4,000 worth of beginning inventory and purchase $10,000 additional in the month. I have $12,000 worth of storeroom issues throughout the month and $150 in employee meals. My cost of goods sold for the month is _______ and I found this u..
How can the concept of unit-level activities be applied to an airline? More specifically, what are two examples of unit-level activities for JetBlue? What steps has JetBlue taken to manage these unit-level activities more efficiently?
in 2010 mordica co. issued 200000 of its 500000 authorized shares of 10 par value common stock at 35 per share. in
1. hpc inc. has developed a standard pricing system for its products.nbspnbspthe variable cost standards based on
During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.
the balance sheet of watson company as of december 31 20x1 follows. watson companybalance sheetdecember 31
for the past several years emily page has operated a part-time consulting business from her home. as of june 1 2010
Prepare a statement of cash flows using the indirect method - Condensed financial data of Lemere Inc.
most people have some exposure to an accounting information system but not all people have the same exposure or
Prepare a 1,250- to 1,750-word paper on a current risk management issue at your facility.
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