In fiscal year 2017 the "Expenditures-2016" account represents Question 40 options: A) Goods or services received...
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In fiscal year 2017 the "Expenditures-2016" account
represents
Question 40 options:
A)
Goods or services received...
The City of South Dundee budget for the fiscal year ended June 30, 2017
The City of South Dundee budget for the fiscal year ended June 30, 2017 included an appropriation for the police department in the amount of $8,700,000. During the month of July 2017, the following transactions occurred in summary: Purchase orders were issued in the amount of $520,000 Of the $520,000 in purchase orders, $480.000 were filled, with invoices amounting to $478,000 Salaries, not encumbered, amounted to $287.000. A budget appropriations reduction in the amount of $50,000 was approved by the city...
Part B. During July 2016, the first month of the 2017 fiscal year, the Town of...
Part B. During July 2016, the first month of the 2017 fiscal year, the Town of Willingdon issued the following purchase orders and contracts. General government $ 800,000 Public safety 400,000 Public works 75,000 Health and welfare 65,000 Miscellaneous 25,000 Total purchase orders and contracts $ 1,365,000 Required Prepare the general journal entry to record the issuance of the purchase orders and contracts.
The City of South River budget for the fiscal year ended June 30.2020. Included an appropriation...
The City of South River budget for the fiscal year ended June 30.2020. Included an appropriation for the police department in the amount of $8.712.000. During the month of July 2020, the following transactions occurred in summary: Purchase orders were issued in the amount of $545.000 Of the $545,000 in purchase orders, $502,000 were filled with involces amounting to $492,000. Salaries, not encumbered, amounted to $308.000. A budget appropriations reduction in the amount of $64.000 was approved by the city...
The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary...
The following transactions occurred during the 2020 fiscal year
for the City of Evergreen. For budgetary purposes, the city reports
encumbrances in the Expenditures section of its budgetary
comparison schedule for the General Fund but excludes expenditures
chargeable to a prior year’s appropriation.
The budget prepared for the fiscal year 2020 was as follows:
Estimated Revenues:
Taxes
$
1,943,000
Licenses and permits
372,000
Intergovernmental revenue
397,000
Miscellaneous revenues
62,000
Total estimated revenues
2,774,000
Appropriations:
General government
471,000
Public safety
886,000...
Part II. On October 2, 2019, the Gandy, WI ordered goods and services estimated to cost...
Part II. On October 2, 2019, the Gandy, WI ordered goods and services estimated to cost the following: Education $2,749 Public Safety 8,496 Public Works 10,213 General Government 3,565 1. Prepare the October 2 journal entry in the General Fund (this is fiscal year 2020): On October 13, 2019, $24,784 of the estimated order was received and the entry to record the receipt of the goods was correctly recorded in the General Fund. All orders were received for Education, Public...
The Town of Bedford Falls approved a General Fund operating budget for the fiscal year beginning...
The Town of Bedford Falls approved a General Fund operating budget for the fiscal year beginning on July 1. The budget provides for estimated revenues of $2,746,000 as follows: property taxes, $1,916,000; licenses and permits, $360,000; fines and forfeits $260,000; and intergovernmental (state grants), $210,000. The budget approved appropriations of $2,694,000 as follows: General Government, $510,000; Public Safety, $1,620,000; Public Works, $360,000; Culture and Recreation, $152,000; and Miscellaneous, $52,000 Required a. & b. Prepare the journal entry (or entries), to...
The Johnson City’s legislative group approved a General Fund operating budget for the fiscal year ending...
The Johnson City’s legislative group approved a General Fund operating budget for the fiscal year ending June 30, 2017. The budget provides for estimated revenues of $2,700,000 as follows: property taxes, $1,900,000; licenses and permits, $350,000; fines and forfeits, $250,000; and intergovernmental (state grants), $200,000. The budget approved appropriations of $2,650,000 as follows: General Government, $500,000; Public Safety, $1,600,000; Public Works, $350,000; Culture and Recreation, $150,000; and Miscellaneous, $50,000. Required Prepare the journal entry (or entries), to record the...
I need help figuring out what is missing in the chart? The following information applies to...
I need help figuring out what is missing in the chart?
The following information applies to the questions displayed below The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation 1. The budget prepared for the fiscal year 2017 was as follows: Estimated Revenues: $1,943,000 Taxes Licenses...
Required information [The following information applies to the questions displayed below.] The following transactions occurred during...
Required information [The following information applies to the questions displayed below.] The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: Estimated Revenues: $1,943,000 372,000 397,000 62,000 Тахes Licenses and permits Intergovernmental revenue Miscellaneous revenues...
The Town of Bedford Falls approved a General Fund operatingbudget for the fiscal year beginning...
The Town of Bedford Falls approved a General Fund operating
budget for the fiscal year beginning on July 1. The budget provides
for estimated revenues of $2,700,000 as follows: property taxes,
$1,900,000; licenses and permits, $350,000; fines and forfeits,
$250,000; and intergovernmental (state grants), $200,000. The
budget approved appropriations of $2,650,000 as follows: General
Government, $500,000; Public Safety, $1,600,000; Public Works,
$350,000; Culture and Recreation, $150,000; and Miscellaneous,
$50,000.Requireda. & b. Prepare the journal entry (or entries), to
record the...
The City of South River budget for the fiscal year ended June 30.2020. Included an appropriation for the police department in the amount of $8.712.000. During the month of July 2020, the following transactions occurred in summary: Purchase orders were issued in the amount of $545.000 Of the $545,000 in purchase orders, $502,000 were filled with involces amounting to $492,000. Salaries, not encumbered, amounted to $308.000. A budget appropriations reduction in the amount of $64.000 was approved by the city...
The following transactions occurred during the 2020 fiscal year
for the City of Evergreen. For budgetary purposes, the city reports
encumbrances in the Expenditures section of its budgetary
comparison schedule for the General Fund but excludes expenditures
chargeable to a prior year’s appropriation.
The budget prepared for the fiscal year 2020 was as follows:
Estimated Revenues:
Taxes
$
1,943,000
Licenses and permits
372,000
Intergovernmental revenue
397,000
Miscellaneous revenues
62,000
Total estimated revenues
2,774,000
Appropriations:
General government
471,000
Public safety
886,000...
Part II. On October 2, 2019, the Gandy, WI ordered goods and services estimated to cost the following: Education $2,749 Public Safety 8,496 Public Works 10,213 General Government 3,565 1. Prepare the October 2 journal entry in the General Fund (this is fiscal year 2020): On October 13, 2019, $24,784 of the estimated order was received and the entry to record the receipt of the goods was correctly recorded in the General Fund. All orders were received for Education, Public...
The Town of Bedford Falls approved a General Fund operating budget for the fiscal year beginning on July 1. The budget provides for estimated revenues of $2,746,000 as follows: property taxes, $1,916,000; licenses and permits, $360,000; fines and forfeits $260,000; and intergovernmental (state grants), $210,000. The budget approved appropriations of $2,694,000 as follows: General Government, $510,000; Public Safety, $1,620,000; Public Works, $360,000; Culture and Recreation, $152,000; and Miscellaneous, $52,000 Required a. & b. Prepare the journal entry (or entries), to...
I need help figuring out what is missing in the chart?
The following information applies to the questions displayed below The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation 1. The budget prepared for the fiscal year 2017 was as follows: Estimated Revenues: $1,943,000 Taxes Licenses...
Required information [The following information applies to the questions displayed below.] The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: Estimated Revenues: $1,943,000 372,000 397,000 62,000 Тахes Licenses and permits Intergovernmental revenue Miscellaneous revenues...
The Town of Bedford Falls approved a General Fund operating
budget for the fiscal year beginning on July 1. The budget provides
for estimated revenues of $2,700,000 as follows: property taxes,
$1,900,000; licenses and permits, $350,000; fines and forfeits,
$250,000; and intergovernmental (state grants), $200,000. The
budget approved appropriations of $2,650,000 as follows: General
Government, $500,000; Public Safety, $1,600,000; Public Works,
$350,000; Culture and Recreation, $150,000; and Miscellaneous,
$50,000.Requireda. & b. Prepare the journal entry (or entries), to
record the...
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