Saitu village reported outstanding long term bonds payable

Assignment Help Accounting Basics
Reference no: EM13872564

SaiTu Village reported outstanding long term bonds payable of $ 6,000,000 in the governmental activities column of its government wide statement of net position for the year ended December 31, 2013. During 2014, SaiTu Village sold $ 500,000 of new general obligation bonds and redeemed $ 300,000 of bonds outstanding at the beginning of the year. Prepare journal entries needed to adjust SaiTu fund financial statements so government wide statements can be prepared for the year ended December 31, 2014.

Reference no: EM13872564

Questions Cloud

The town counsel thought he could settle the second claim : The town counsel thought he could settle the second claim for about $ 11,000, but he expected negotiations to drag on for 18 months before reaching agreement. Based on this information, prepare the journal entry (if needed) to adjust Punkeytown 20..
What is the value of c : A particle moves along a straight path through displacement d = (8 m)i + cj while force F = (2 N)i - (4N)i acts on it. (Other forces also act on the particle.) What is the value of c if the work done by F on the particle is?
What is the amount of each payment that patricia must make : What is the amount of each payment that Patricia must make at the end of each of six years to accumulate a fund balance of $35,000 by the end of the sixth year?
The company report the asset : In 2010, the Lawrence Company spends $4 million drilling oil wells.
Saitu village reported outstanding long term bonds payable : SaiTu Village reported outstanding long term bonds payable of $ 6,000,000 in the governmental activities column of its government wide statement of net position for the year ended December 31, 2013.
Force on the coin during the displacement : The force has magnitude 2.0 N and is directed at a counterclockwise angle of 100" from the positive direction of the x axis. How much work is done by the force on the coin during the displacement?
Question regarding the spelunker directly upward : A cave rescue team lifts an injured spelunker directly upward and out of a sinkhole by means of a motor-driven cable. The lift is performed in three stages, each requiring a vertical distance of 10.0 m:
When it auctioned off three automobiles previously : Simon County realized $ 2,500 in cash when it auctioned off three automobiles previously used by its inspectors Prepare the journal entry needed to adjust Simon 2013 fund financial statements so government wide statements can be prepared.
Magnitude of that force : What is the magnitude of that force? If the can had an initial kinetic energy of 3.00 J, moving in the positive direction of the x axis, what is its kinetic energy at the end of the 2.00m?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Insurance policy-utility function

What is the highest price that you would be willing to pay for an insurance policy that fully insures you in the event that your house burns down?

  What is thompson accounts receivable turnover

Evaluate the following scenarios, assuming both companies use the accounts receivable method of estimating bad debts expense.

  Present and future values-expected returns

Critically reflect on the importance of present and future values. What factors must be considered when calculating present and future values?

  Determine the depreciation expense

If Forda depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2014.(Round answer to 0 decimal places, e.g. 1525.) If Forda plants five seedlings at a cost of $4 per seedling for each tree cut, how should..

  List major points in the slides

Prepare a 7- to 9-slide Microsoft® PowerPoint® presentation illustrating your responses to the questions posed by the assigned case study. List major points in the slides. Include detailed explanations in the speaker notes section that correlate to..

  As an investor you are considering buying stock in a

as an investor you are considering buying stock in a relatively new company. medical horizons inc. has been in

  Today stella withdraws 10000 from her savings account each

today stella withdraws 10000 from her savings account. each subsequent annual withdrawal is 100 higher than the

  Firm d has net income of 83700 sales of 2790000 and average

firm d has net income of 83700 sales of 2790000 and average total assets of 1395000. calculate the firms margin

  John and ellen brite are married and file a joint return

john and ellen brite are married and file a joint return. john owns an unincorporated specialty electrical lightning

  Controlling accounts and subsidiary ledgers

What are controlling accounts and subsidiary ledgers? What is the relationship between them?

  Lockrite security company manufacturers home alarms

lockrite security company manufacturers home alarms. currently it is manufacturing one of its components at a total

  What is carls basis at the end of the year

Carl is a 30 percent partner in the CCF Partnership. At the beginning of the year, his basis in the partnership is $4,000. The partnership reports $7,000 of ordinary income and distributes $3,000 to the partners. What is Carl's basis at the end of..

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