Homework Answers
Add Answer to:
1 question 2 parts thanks
For government wide financial statements, what is the budgetary entry to...
On what do the government-wide financial statements report? Question 5 options: A) Budgetary compliance. B) Operational...
On what do the government-wide financial statements report? Question 5 options: A) Budgetary compliance. B) Operational accountability. C) Fiscal accountability. D) The cost of government services.
1 question 2 parts thanks Which fund type is not included in Government Wide Financial Statements?...
1 question 2 parts thanks
Which fund type is not included in Government Wide Financial Statements? 1) Trust Fund 2) Enterprise Fund 3) Internal Service Fund O 1) and 3) 2) and 3) O2) Only 1) Only Question 10 4 pts When would the Estimated Revenues Account be Credited? Record Amend Budget Budget to Increase Revenue Close Budget at Year End A) Yes Yes Yes B) Yes Yes No C) Yes No No D) No No Yes B ОА Ос
Record in general journal form entries to close the budgetary and operating statement accounts in the...
Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. Do not close the governmental activities accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Debit Credit Transactions Fund General Journal 1. Record the closure of budgetary statements account General Fund Appropriations Estimated Revenues Budgetary Fund Balance 3,119,000 2. Record the closure of operating statements account....
1 question 2 parts The city of Pittsburgh legally adopts its budget. Total estimated revenues are...
1 question 2 parts
The city of Pittsburgh legally adopts its budget. Total estimated revenues are $10 million while total appropriations are $10.2 million. After the budget is approved, it is amended to increase appropriations by an additional $100,000. As a result of these events, the balance in the Budgetary Fund Balance account is: Credit of $300,000 Debit of $100,000 Credit of $100,000 O Debit of $300,000 Which of the following is debited when a purchase is authorized? Appropriations Encumbrances...
what would be the budgetary fund balance? The board of commissioners of the City of Hartmoore...
what would be the budgetary fund balance?
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017 that included revenues of $1137,500, bond proceeds of $580,000, appropriations of $947.500, and operating transfers out of $490,000. a. If this budget is formally integrated into the accounting records, what journal entry is required at the beginning of the year? b. If this budget is formally integrated into the accounting records, what...
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...
1 question 2 parts thanks Which fund type never has financial statements produced for it but...
1 question 2 parts thanks
Which fund type never has financial statements produced for it but still is included in government wide financial statements? O Trust Fund Permanent Fund Internal Service Fund Enterprise Fund Which of the following is a primary difference between governmental entities and for profit entities? 1) Absence of defined ownership interests. 2) Lack of external stakeholders. 3) Primary purpose is something other than long-term profit maximization. 3) only 1) only 1), 2), and 3) O 1)...
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...
Journal entries, financial statements, and closing entries for a Capital Projects Fund The following transactions occurred...
Journal entries, financial statements, and closing entries for a Capital Projects Fund The following transactions occurred during the fiscal year July 1, 2018 to June 30, 2019: 1. The City of Spainville approved the construction of a city hall complex for a total cost of $120,000,000. A few days later, a contract with a 5 percent retainage clause was signed with Paltrow Construction for the complex. The buildings will be financed by a federal expenditure driven grant of $25,000,000 and...
14 Which of the following budgetary accounts typically have a debit balance? A. Apportionments. B. Expended...
14 Which of the following budgetary accounts typically have a debit balance? A. Apportionments. B. Expended Appropriations-paid. C. Expended Appropriations-unpaid. D. Appropriations Realized. 15. When agency directors make allotments, what budgetary accounts are affected? A. Unapportioned Authority and Allotments-Realized Resources. B. Allotments-Realized Resources and Undelivered Orders. C. Appropriations and Allotments Realized Resources. D. Allotments-Realized Resources and Expended Appropriations. 16. Assume that Congress enacted an appropriation for a federal agency in the amount of $500,000. The proprietary entry that would be...
1 question 2 parts thanks
Which fund type is not included in Government Wide Financial Statements? 1) Trust Fund 2) Enterprise Fund 3) Internal Service Fund O 1) and 3) 2) and 3) O2) Only 1) Only Question 10 4 pts When would the Estimated Revenues Account be Credited? Record Amend Budget Budget to Increase Revenue Close Budget at Year End A) Yes Yes Yes B) Yes Yes No C) Yes No No D) No No Yes B ОА Ос
Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. Do not close the governmental activities accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Debit Credit Transactions Fund General Journal 1. Record the closure of budgetary statements account General Fund Appropriations Estimated Revenues Budgetary Fund Balance 3,119,000 2. Record the closure of operating statements account....
1 question 2 parts
The city of Pittsburgh legally adopts its budget. Total estimated revenues are $10 million while total appropriations are $10.2 million. After the budget is approved, it is amended to increase appropriations by an additional $100,000. As a result of these events, the balance in the Budgetary Fund Balance account is: Credit of $300,000 Debit of $100,000 Credit of $100,000 O Debit of $300,000 Which of the following is debited when a purchase is authorized? Appropriations Encumbrances...
what would be the budgetary fund balance?
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017 that included revenues of $1137,500, bond proceeds of $580,000, appropriations of $947.500, and operating transfers out of $490,000. a. If this budget is formally integrated into the accounting records, what journal entry is required at the beginning of the year? b. If this budget is formally integrated into the accounting records, what...
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...
1 question 2 parts thanks
Which fund type never has financial statements produced for it but still is included in government wide financial statements? O Trust Fund Permanent Fund Internal Service Fund Enterprise Fund Which of the following is a primary difference between governmental entities and for profit entities? 1) Absence of defined ownership interests. 2) Lack of external stakeholders. 3) Primary purpose is something other than long-term profit maximization. 3) only 1) only 1), 2), and 3) O 1)...
Journal entries, financial statements, and closing entries for a Capital Projects Fund The following transactions occurred during the fiscal year July 1, 2018 to June 30, 2019: 1. The City of Spainville approved the construction of a city hall complex for a total cost of $120,000,000. A few days later, a contract with a 5 percent retainage clause was signed with Paltrow Construction for the complex. The buildings will be financed by a federal expenditure driven grant of $25,000,000 and...
14 Which of the following budgetary accounts typically have a debit balance? A. Apportionments. B. Expended Appropriations-paid. C. Expended Appropriations-unpaid. D. Appropriations Realized. 15. When agency directors make allotments, what budgetary accounts are affected? A. Unapportioned Authority and Allotments-Realized Resources. B. Allotments-Realized Resources and Undelivered Orders. C. Appropriations and Allotments Realized Resources. D. Allotments-Realized Resources and Expended Appropriations. 16. Assume that Congress enacted an appropriation for a federal agency in the amount of $500,000. The proprietary entry that would be...
Most questions answered within 3 hours.
-
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 1 hour ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 1 hour ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 2 hours ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 2 hours ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 2 hours ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 4 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 4 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 4 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 5 hours ago -
1. In eukaryotic cells the genomes of
&
asked 5 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 5 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 6 hours ago