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Watson Township plans to build an auditorium. The plans were drawn for $ 100,000 by an architect who will complete the plans and bill the city after the bonds are issued. The township accepted a bid from Forrester Contractors for $ 8,000,000 for the entire project, which should take 2 years to build. It will not be started until October 1, 2012, so the projected completion date is September 30, 2014. The township, accounting supervisor plans to establish a Debt Service Fund to accumulate resources for repaying the bonds that will be issued to finance the project. These bonds will be serviced from property tax revenues and are expected to be issued at a face amount of $ 8,000,000. During 2012, $ 100,000 of investment revenue earned on the bond proceeds is expected to be available for construction purposes. The bonds will pay interest on April 1 and October 1 of each year, beginning in 2013. Prepare the journal entries needed to record the budget and the encumbrance in the appropriate funds for calendar year 2012, based on the preceding budgetary information.
What is the purpose of the Statement of Cost of Goods Manufactured?
Theories of Crime Causation and Non-sharable Problems" Please respond to the following:
Expensing the costs of sample display houses in the periods in which the expenditure is made and spreading the costs over more than one period. Discuss the advantages of each method.
1. equipment with a cost of 220000 has an estimated residual value of 30000 and an estimated life of 10 years or 19000
Assume Green Leaf Nursery anticipated sales of $500 in the first quarter. Accounts receivable at the beginning of the year was $300. Assuming a collection period of 30 days, which is the approximate beginning balance for the second quarter?
What types of business situations or problems might best lend themselves to multiple linear regression? What types may not? Explain.
consider newly incorporated small businesses in a certain area. data indicates that there is a 69 chance that a
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The form of alternative dispute resolution wherein the parties hire someone to review the evidence and make a decision that is binding upon the parties is called
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During the months of April through September, the following total utility costs were paid at various production volumes:
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