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QE 7-3 Agency Funds Benton County maintains a tax agency fund for use by the County...
Che QE 7-3 Agency Funds Benton County maintains a tax agency fund for use by the...
Che QE 7-3 Agency Funds Benton County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the county For FY 2016-2017, the following taxes were assessed: Benton County General Fund $18,250,000 6,000,000 4,000,000 18,250,000 4,800,000 $51,300,000 Town of Thomas Town of Hart Benton County School District Various Special Districts Total During the first six months of the fiscal year, the...
Benton County maintains a tax agency fund for use by the County Treasurer to record receivables,...
Benton County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the county. For FY 2016–2017, the following taxes were assessed: Benton County General Fund $ 18,270,000 Town of Thomas 6,007,000 Town of Hart 4,005,000 Benton County School District 18,273,000 Various Special Districts 4,806,000 Total $ 51,361,000 During the first six months of the fiscal year, the following transactions took...
1. Brooks Agency set up a petty cash fund for $100. At the end of the...
1. Brooks Agency set up a petty cash fund for $100. At the end of the current period, the fund contained $16 and had the following receipts: entertainment, $53, postage, $20; and printing, $11. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet < 1 2 > Record the establishment of the petty cash fund. Note: Enter debits before credits....
1. Brooks Agency set up a petty cash fund for $140. At the end of the...
1. Brooks Agency set up a petty cash fund for $140. At the end of the current period, the fund contained $37 and had the following receipts: entertainment, $48; postage, $28; and printing, $27. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. Journal entry worksheet < 1 2 > Record the establishment of the petty cash fund. Note: Enter debits before credits. Transaction General Journal...
Journal entry worksheet 1 2 3 4 5 6 7 8 9 I established the fund...
Journal entry worksheet 1 2 3 4 5 6 7 8 9 I established the fund by cashing a check from HHC for $280 made payable to me. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 of 2 6 7 8 9 Tom Canuck provided a $84 receipt for repairs to the club's computer, so I paid $84 cash to him. Record the transaction....
Check my wc QE 4-4 Journal Entries The Town of Quincy's fiscal year ends on June...
Check my wc QE 4-4 Journal Entries The Town of Quincy's fiscal year ends on June 30. The following data relate to the property tax levy for the fiscal year ended June 30, 2017 a. The balance in Deferred Inflows--Property Taxes was $65,000 at the end of the previous year. This was recognized as revenue in the current year in a reversing journal entry. b. On July 1, 2016. property taxes in the amount of $8,500,000 were levied. It was...
Palmona Co. establishes a $180 petty cash fund on January 1. On January 8, the fund...
Palmona Co. establishes a $180 petty cash fund on January 1. On January 8, the fund shows $89 in cash along with receipts for the following expenditures: postage, $38; transportation-in, $12; delivery expenses, $14; and miscellaneous expenses, $27. Palmona uses the perpetual system in accounting for merchandise inventory. nts eBook Hint Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $230 on...
Waupaca Company establishes a $330 petty cash fund on September 9. On September 30, the fund...
Waupaca Company establishes a $330 petty cash fund on September 9. On September 30, the fund shows $77 in cash along with receipts for the following expenditures: transportation-in, $52postage expenses, $58; and miscellaneous expenses, $132. The petty cashier could not account for a $11 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3)...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase a truck and sign a note payable, $14,100. b. Purchase office supplies for cash, $510. c. Pay $710 in rent for the current month. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction...
Waupaca Company establishes a $430 petty cash fund on September 9. On September 30, the fund...
Waupaca Company establishes a $430 petty cash fund on September 9. On September 30, the fund shows $137 in cash along with receipts for the following expenditures: transportation-in, $55; postage expenses, $79; and miscellaneous expenses, $150. The petty cashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and...
Che QE 7-3 Agency Funds Benton County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the county For FY 2016-2017, the following taxes were assessed: Benton County General Fund $18,250,000 6,000,000 4,000,000 18,250,000 4,800,000 $51,300,000 Town of Thomas Town of Hart Benton County School District Various Special Districts Total During the first six months of the fiscal year, the...
1. Brooks Agency set up a petty cash fund for $100. At the end of the current period, the fund contained $16 and had the following receipts: entertainment, $53, postage, $20; and printing, $11. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet < 1 2 > Record the establishment of the petty cash fund. Note: Enter debits before credits....
1. Brooks Agency set up a petty cash fund for $140. At the end of the current period, the fund contained $37 and had the following receipts: entertainment, $48; postage, $28; and printing, $27. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. Journal entry worksheet < 1 2 > Record the establishment of the petty cash fund. Note: Enter debits before credits. Transaction General Journal...
Journal entry worksheet 1 2 3 4 5 6 7 8 9 I established the fund by cashing a check from HHC for $280 made payable to me. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 of 2 6 7 8 9 Tom Canuck provided a $84 receipt for repairs to the club's computer, so I paid $84 cash to him. Record the transaction....
Check my wc QE 4-4 Journal Entries The Town of Quincy's fiscal year ends on June 30. The following data relate to the property tax levy for the fiscal year ended June 30, 2017 a. The balance in Deferred Inflows--Property Taxes was $65,000 at the end of the previous year. This was recognized as revenue in the current year in a reversing journal entry. b. On July 1, 2016. property taxes in the amount of $8,500,000 were levied. It was...
Palmona Co. establishes a $180 petty cash fund on January 1. On January 8, the fund shows $89 in cash along with receipts for the following expenditures: postage, $38; transportation-in, $12; delivery expenses, $14; and miscellaneous expenses, $27. Palmona uses the perpetual system in accounting for merchandise inventory. nts eBook Hint Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $230 on...
Waupaca Company establishes a $330 petty cash fund on September 9. On September 30, the fund shows $77 in cash along with receipts for the following expenditures: transportation-in, $52postage expenses, $58; and miscellaneous expenses, $132. The petty cashier could not account for a $11 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3)...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase a truck and sign a note payable, $14,100. b. Purchase office supplies for cash, $510. c. Pay $710 in rent for the current month. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction...
Waupaca Company establishes a $430 petty cash fund on September 9. On September 30, the fund shows $137 in cash along with receipts for the following expenditures: transportation-in, $55; postage expenses, $79; and miscellaneous expenses, $150. The petty cashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and...
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