Homework Answers
| 1 | Special Revenue Fund |
| 2 | Internal Service Fund |
| 3 | Enterprise Fund |
| 4 | General Fund |
| 5 | Debt Service Fund |
| 6 | Capital Projects Fund |
| 7 | Internal Service Fund |
| 8 | Special Revenue Fund |
| 9 | Capital Projects Fund |
| 10 | General Fund |
Add Answer to:
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 1 Score Name Section Problem (10 points). Listed...
Listed below are the typical funds that might be used by a state or local government...
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list the transaction would be entered....
Listed below are the typical funds that might be used by a state or local government...
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list, the transaction would be entered....
P2-45/ LO 2 EF Mon Tulle livestments made in the previous activity. (Identification of activities with...
P2-45/ LO 2 EF Mon Tulle livestments made in the previous activity. (Identification of activities with particular governmental and proprietat: the following events. governmental- and proprietary type funds, indicate which would be used to record each of GF General Fund SRF Special Revenue Fund DSF Debt Service Fund CPF Capital Projects Fund PF Permanent Fund Enterprise Fund ISF Internal Service Fund 1. Bonds were issued by the fund used to account for providing water to the residents of a municipality....
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 3 Score Name Section Problem (10 points) In...
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 3 Score Name Section Problem (10 points) In fiscal year 20X4, a philanthropic citizen made a gift to the City of Champlin. Under the terms of the gift, the city was to purchase securities and use the earnings on these securities to purchase book on history for the local library. Only the earnings on the securities are eligible for expenditure. During fiscal year 20X4, the attached transactions occurred. REQUIRED: () Prepare the...
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 3 Score Name Section Problem (10 points) In...
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 3 Score Name Section Problem (10 points) In fiscal year 20x4, a philanthropic citizen made a gift to the City of Champlin. Under the terms of the gift, the city was to purchase securities and use the earnings on these securities to purchase book on history for the local library. Only the earnings on the securities are eligible for expenditure. During fiscal year 20X4, the attached transactions occurred. Prepare the appropriate general...
ACCOUNTING FOR GOVERNMENTAL AND NONPRO HANDE HANDOUT PROBLEM 6 Score- Name Section Problem (10 points). The...
ACCOUNTING FOR GOVERNMENTAL AND NONPRO HANDE HANDOUT PROBLEM 6 Score- Name Section Problem (10 points). The following is a trial balance for the City of Hulett for its debt service fund CITY OF HULETT DEBT SERVICE FUND TRIAL BALANCE AT DECEMBER 31, 20x3 Debits Credits 60,000 Cash Investments Fund Balance-Restricted For Debt Repayment 30,000 90,000 Totals 90,000 90,000 The attached transactions occurred during the year that affected the debt service fund. Prepare journal entries, in proper general journa transactions for...
Problem IV. (10 points possible). Below is a list of various governmental accounting terms and concepts. Match the...
Problem IV. (10 points possible). Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one (1) choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue c. Fiscal Accountability f. Internal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues, Expenditures and Changes in Fund Balance j. Statement of Net Position k. General Revenues...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 13 Score Name Section Problem (10 points). Bloomington Manufacturing Company is considering...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 13 Score Name Section Problem (10 points). Bloomington Manufacturing Company is considering the purchase of equipment to expand its productive capacity. The equipment is expected to generate the following cash revenues and expenses over its useful life. BLOOMINGTON MANUFACTURING COMPANY DATA FOR CAPITAL BUDGETING ANALYSIS-EQUIPMENT Cash Revenues Cash Expenses Year 30,000 S 20,000 S 22,000 40,000 25,000 3 50,000 40,000 20,000 4 20,000 30,000 5 The cost of the equipment is $60,000 and the equipment is...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 4 Name Score Section Problem (10 points). The Bruch Company produces a...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 4 Name Score Section Problem (10 points). The Bruch Company produces a single product. It sold 25,000 units last year with the following results. THE BRUCH COMPANY CONTRIBUTION MARGIN INCOME STATEMENT FOR PREVIOUS YEAR Sales Less Variable Costs e Costs Contribution Margin Less Fixed Costs Income Before Taxes $ 625,000 375,000 250,000 150,000 100,000 In an attempt to improve its product, Bruch is considering replacement of one of its component parts with a new and better...
Question 1 The Town of Elderville accounts for its revenues and day-to-day operating expenditures in its...
Question 1 The Town of Elderville accounts for its revenues and day-to-day operating expenditures in its General Fund. The Town uses encumbrance accounting to keep budgetary control over the appropriation for "other expenditures." Prepare journal entries to record these transactions in the General Fund for the calendar year 2019. A long-time employee of the Town of Elderville retires. Per Town policy, the employee is paid $9,800 for accumulated vacation pay. To raise the required $315,000 in property taxes, property owners...
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list the transaction would be entered....
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list, the transaction would be entered....
P2-45/ LO 2 EF Mon Tulle livestments made in the previous activity. (Identification of activities with particular governmental and proprietat: the following events. governmental- and proprietary type funds, indicate which would be used to record each of GF General Fund SRF Special Revenue Fund DSF Debt Service Fund CPF Capital Projects Fund PF Permanent Fund Enterprise Fund ISF Internal Service Fund 1. Bonds were issued by the fund used to account for providing water to the residents of a municipality....
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 3 Score Name Section Problem (10 points) In fiscal year 20X4, a philanthropic citizen made a gift to the City of Champlin. Under the terms of the gift, the city was to purchase securities and use the earnings on these securities to purchase book on history for the local library. Only the earnings on the securities are eligible for expenditure. During fiscal year 20X4, the attached transactions occurred. REQUIRED: () Prepare the...
ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 3 Score Name Section Problem (10 points) In fiscal year 20x4, a philanthropic citizen made a gift to the City of Champlin. Under the terms of the gift, the city was to purchase securities and use the earnings on these securities to purchase book on history for the local library. Only the earnings on the securities are eligible for expenditure. During fiscal year 20X4, the attached transactions occurred. Prepare the appropriate general...
ACCOUNTING FOR GOVERNMENTAL AND NONPRO HANDE HANDOUT PROBLEM 6 Score- Name Section Problem (10 points). The following is a trial balance for the City of Hulett for its debt service fund CITY OF HULETT DEBT SERVICE FUND TRIAL BALANCE AT DECEMBER 31, 20x3 Debits Credits 60,000 Cash Investments Fund Balance-Restricted For Debt Repayment 30,000 90,000 Totals 90,000 90,000 The attached transactions occurred during the year that affected the debt service fund. Prepare journal entries, in proper general journa transactions for...
Problem IV. (10 points possible). Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one (1) choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue c. Fiscal Accountability f. Internal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues, Expenditures and Changes in Fund Balance j. Statement of Net Position k. General Revenues...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 13 Score Name Section Problem (10 points). Bloomington Manufacturing Company is considering the purchase of equipment to expand its productive capacity. The equipment is expected to generate the following cash revenues and expenses over its useful life. BLOOMINGTON MANUFACTURING COMPANY DATA FOR CAPITAL BUDGETING ANALYSIS-EQUIPMENT Cash Revenues Cash Expenses Year 30,000 S 20,000 S 22,000 40,000 25,000 3 50,000 40,000 20,000 4 20,000 30,000 5 The cost of the equipment is $60,000 and the equipment is...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 4 Name Score Section Problem (10 points). The Bruch Company produces a single product. It sold 25,000 units last year with the following results. THE BRUCH COMPANY CONTRIBUTION MARGIN INCOME STATEMENT FOR PREVIOUS YEAR Sales Less Variable Costs e Costs Contribution Margin Less Fixed Costs Income Before Taxes $ 625,000 375,000 250,000 150,000 100,000 In an attempt to improve its product, Bruch is considering replacement of one of its component parts with a new and better...
Most questions answered within 3 hours.
-
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 41 minutes ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 2 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 2 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 4 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 4 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 4 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 4 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 5 hours ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 4 hours ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 4 hours ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 5 hours ago -
Would CuCO3 aqueous salt combined with calcium chloride
form a solid precipitate? If so, what would...
asked 4 hours ago