Perform accounting required for government fund transaction

Assignment Help Financial Accounting
Reference no: EM131139467

Government Transactions

Using the data in the attached spreadsheet. Perform the accounting required for each of the following government fund transaction:

1. Perform the required journal entries

Requirements:

Complete all work on the spreadsheet attached. It will be your only deliverable.

Clearly identify the requirements being addressed. Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well. No hard coding of solutions. Submit a single MS Excel file.

Attachment:- Government_Fund_Transaction.xlsx

Reference no: EM131139467

Questions Cloud

Physical distribution channel for producer of bottled water : When Anne Peterson began Olde Westport Spice and Trading Co., she had one product, an all- purpose seasoning mix called Olde Westport's Special Blend for adding flavor to bland casseroles. She mixed and packaged the product in her basement. She sold ..
Summary on this video titled a touch of understanding : Providing a summary on this youtube video titled "A Touch of Understanding"- The summary needs to discuss this program's benefits, drawbacks.
Use the mini guide to critical thinking as reference : Describe the situation and then explain why it was a difficult or challenging problem. How did you resolve your ethical dilemma, problem, or situation? Which tools of the mind from Paul & Elder, or from the articles you read or decision-making proble..
Define singer concept of marginal utility : Explain Singer's goal in this article, and then present his argument in relation to this issue. Explain three counter-arguments to Singer's position that he addresses in his article, and then indicate Singer's responses to those counter-arguments...
Perform accounting required for government fund transaction : Using the data in the attached spreadsheet. Perform the accounting required for each of the following government fund transaction.
How does the information overlap : What type of structure do you see between levels of government? What functions do you see at each level of government? How do the levels of government work together?
In master production schedule stability time : In Master Production Schedule Stability time fencing is shown as an extension of the freeze concept. In the manufacture of bicycles, describe this concept in your own words.
Complete and balance the equation properly indicating gases : If the reaction will occur, complete and balance the equation properly indicating gases and precipitates.  If you believe no reaction will occur, write no reaction as the right-hand side of the equation.  All reactants are aqueous solutions
Select a confounder which affects epidemiological studies : Select a confounder or surragate which affects epidemiological studies that you believe does not receive enough attention in politics or the press.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the direct materials price variance

Giovanni Company produces a product that requires four standard gallons per unit. The standard price is $34.00 per gallon. If 3,500 units required 14,400 gallons, which were purchased at $33.25 per gallon, what is the direct materials price variance?

  In terms of the three types of cash flows

In terms of the three types of cash flows, what would be the signs of a healthy and growing company? And what about a matured company?

  Investment making using the information1 the company is

investment making using the information.1. the company is considering an investment that will return a lump sum of

  Prepare the adjusting entries

Prepare the adjusting entries that were made. Credit account titles are automatically indented when the amount is entered. Do not indent manually.

  Consolidated financial statement reflect the value

Tony Computer Services Corporation trades 50% of its common stock for the rights to certain computer programs of the Janet Corporation. Janet previously expensed such costs of developing these computer programs.

  Proceeds from the bond issue as an increase in liabilities

On April 1, 2016, Austere Corporation issued $320,000 of 10% bonds at 107. Each $1,000 bond was sold with 30 detachable stock warrants, each permitting the investor to purchase one share of common stock for $18. On that date, the market value of the ..

  Information that a listed company has incurred

information that a listed company has incurred exceptionally high losses during a financial year has been disclosed.

  Effects on the accounts and financial statements

Illustrate the effects on the accounts and financial statements of the January 29 and May 31 transactions.

  Create the required general journal entry to record the

create the required general journal entry to record the subsequent transactions for the flaherty company.a. incurred

  Ethical issues of macro- and micro-manipulation

Explain whether users of financial statements should exercise caution when interpreting financial statement compliant with GAAP and explain why the advantages of ‘accrual accounting' outweigh the disadvantages of ‘earnings management'.

  What is the present worth of the bonus package

A small internet company plans to offer its employees a salary enhancement package which has revenue sharing as its main component. Specifically, the company will set aside 1% of total sales for yearend bonuses for all of its employees. The sales are..

  Global reporting initiative

Determine your company performance in relation to GRI standards and comment on Stigler's theory.

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